China Proposes National Blockchain Network in 19 Measure Policy as Digital Yuan Banks Reach 30

China released a 19 measure policy on October 9 proposing a national blockchain network and an integrated computing power network. It covers data ownership, trading rules and crossborder data flow trials, with no launch date or budget given. Separately, the People's Bank of China added eight operators on August 17, bringing the digital yuan network to 30 approved banks. Crypto curbs remain.