China stops the spread of COVID-19 inside the country. The Chinese government announced two of the largest crypto and blockchain-related developments.
China seems to be the country making the biggest treads in the development and integration of blockchain-based technology.
The Chinese government announced the completion of two milestone initiatives involving blockchain and cryptographic technology. The first initiative pertains to the country’s central bank digital currency, named DCEP, which is reportedly being tested in four local cities.
The second development is related to Blockchain-based Service Network, or BSN, which is currently said to be fully operational.
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