China Loves Blockchain (But Not Crypto)
China banned crypto trading and mining back in 2021. But here's the twist — at the same time, it's going all-in on blockchain tech.
📡 The government is building massive blockchain infrastructure for ID systems, trade, and even smart cities.
🇨🇳 They don’t want wild crypto markets — they want controlled, state-approved use of the tech.
🏙️ Meanwhile, Hong Kong is becoming a "crypto sandbox" — a test ground where trading is regulated but allowed. Many think Beijing is watching closely.
So no, China isn’t buying Bitcoin — yet.
But it's not ignoring Web3 either. It’s just trying to lead… on its own terms.
Why it matters:
If China ever softens its crypto stance, we’re talking about a potential wave of millions of users and huge capital inflows. Even without that, their blockchain push is helping move the whole industry forward.
