China releases its 1st blockchain regulation ...Middle East

ANKARA: China on Friday released the country’s first national regulation for blockchain technology, reported Anadolu.Quoting the country’s Ministry of Industry and Information Technology, state-run CGTN said the new regulation has “further accelerated the standardisation process of China’s blockchain sector, laying a foundation for the high-quality development of the industry.”Blockchain technology, which supports the transaction of digital assets in real-time, has become widely used in cryptocurrencies. The technology allows for the efficient and verifiable recording and permanent tracking of transactions between two parties.China’s newly established regulation focuses on blockchain and dis

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