While remaining notably hawkish on cryptocurrencies and blockchain technology more broadly, China has, nonetheless, made significant strides in the wide field of Web3. The drive most prominent in the media has been the country’s work on the digital yuan – its central bank’s digital currency (CBDC) – but it is far from the only one.
Among China’s institutions, the Ministry of Industry and Information Technology (MIIT) – tasked with governing the telecommunications and information technology sector in the wider sense of the term – has been the most prominent when it comes to the country’s blockchain drive.
MIIT outlined its Web3 strategy by focusing on four key points of development – boost Web3 research and development and formulate a coherent national strategy document, improve the technical research and supervision framework, work with international actors, track developments abroad, and increase promotional and public awareness efforts.
A closer look at MIIT’s pub
We współpracy z: https://finbold.com/china-outlines-its-central-plan-for-national-web3-development/
