China's State Media Call for Blockchain Regulation for Growth
People's Daily, an official newspaper of the Chinese Communist Party (CCP), is calling for domestic regulation as part of an effort to foster the development of blockchain technology. In a full-page feature entitled " " published Monday, the CCP's official media doubled down on the government's commitment to supporting the use of the technology, while also warning about the growing risk associated with some of its use cases. The report reads The article further gives elaborate explanations on blockchain's applications in various industries such financial services, charity, anti-counterfeit and financial regulation. It marks a notable move by China's official mainstream media to bring blockchain to the public's attention while staying in line with the country's central bank , the People's Bank of China, which has ordered a ban on domestic initial coin offerings. In an interview with the People's Daily, Hu Danqing, a t