Chinese Government To Integrate Crypto, NFT, in Its Digital Economy
2022.07.14 18:05
Chinese Government To Integrate Crypto, NFT, in Its Digital Economy
- Shanghai Municipal People’s Government has established an elaborate framework for implementing blockchain technology, NFT and virtual assets.
- This is contained in a five-year digital economy plan.
- The government wrote to all districts and the municipal committees in China.
The Shanghai Municipal People’s Government of China has included blockchain, NFT, and the metaverse in a five-year plan to develop its digital economy. This revelation came on July 12, 2022, in a Chinese document addressed to governments of all districts and the municipal government’s committees, offices and bureaus, urging them to “implement it carefully.”
Under article two of their proposition, the government of Shanghai intends to promote NFTs and other assets and to “support leading enterprises to explore the construction of NFT trading platforms.” They also plan to pilot the protection of digital rights and “the global circulation of digital IP.”
According to artic …
Continue reading on CoinQuora
