But Xi’s ambition had and continues to have an inherent contradiction. While blockchain technology is admired by the Chinese, its most popular application, cryptocurrencies, is now illegal. In the past decade, China has banned crypto transactions (2013), initial coin offerings (2017), crypto mining (incrementally from 2019-2021) and – the final blow – cryptocurrency trading, in 2021. As a result, the very idea of blockchain is different in China than anywhere else in the world.
Kraken’s Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: Bloomberg
The CEO of CF Benchmarks, a unit of cryptocurrency exchange Kraken, predicts that despite an inauspicious beginning, crypto exchange-traded funds...