Despite the strict ban on cryptocurrency transactions and derivatives within its borders, China has announced a blockchain project for the “Belt and Road Initiative,” according to a recent report from Wu Blockchain.
Known as the “Ultra Large-Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” the project aims to redefine public blockchain infrastructure.
The project will be led by Conflux Network. It is important to note that the Chinese government prohibits any institution from engaging in cryptocurrency activities; therefore, any tokens and cryptocurrency should be excluded from the blockchain.
https://www.bsc.news/post/chinese-government-launches-blockchain-project-for-belt-and-road-initiative-reports