China should 'seize the opportunity' to adopt blockchain: President Xi Jinping

President Xi Jinping said China should “seize the opportunity” to adopt blockchain. This latest endorsement of the technology has been met with relief from industry players. The People's Bank of China is also preparing to roll out its own cryptocurrency. A Wharton School report showed China is leading the world in the use and development of blockchain. It has filed the most patents related to blockchain technology, and it reportedly holds over 70% of the mining power for Bitcoin.

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