China's state-run Xinhua news agency published a front-page article aboutBitcoin, calling it "the first successful use case of blockchain."
In the article, the publication describes how Bitcoin works,describes the technology of private and public keys, and even slightly touches on the topic of halving. The article notes that BTC has a pseudo-anonymous nature, and therefore, the main option for its use is to conduct transactions in a dark web.
It is worth noting that XInhua is considered one of the leading news agencies in the world, and its audience is 1.4 billion people.
The front-page article appeared shortly after the president's announcement of the country's new direction.As previously reported, the government is already actively using blockchain to verify allegiance to the Communist Party.
Recall that in 2017, the Chinese governmentbanned the work of cryptocurrency exchangers in the country. After the president’s statement, government authorities stopped talking about the ban on mining and trading, and legislatively fixed the legal status of bitcoin as virtual property.
Based on materialswww.cryptoglobe.com
Read this:
Chinese media urge investors not to speculate on cryptocurrencies
Chinese President considers blockchain development a country's priority
The first Bitcoin ATM was installed at Miami Airport
Tencent will lead a project to develop international blockchain invoice standards
The Central Bank believes that Chinese banks should immediately accept the blockchain
The first fully rechargeable carbon dioxide battery created