China Walks Back Hardline Media Rhetoric Toward Crypto and Blockchain By Cointelegraph

China Walks Back Hardline Media Rhetoric Toward Crypto and Blockchain

Earlier this week, a story published by Chinese state-run media outlet Xinhua featured some pro-Bitcoin comments that referred to the flagship digital currency as being the world’s “first successful application of blockchain technology.”

This latest endorsement comes against the backdrop of China’s stringent anti-crypto stance, wherein the country’s lawmakers implemented a blanket ban on its local cryptocurrency exchanges as well as initial coin offerings back in 2017.

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