★China's tax authority urges banks to implement blockchain for lending services
Strategic Analysis // Ian Gross
"China pushing banks to use blockchain for lending shows a growing state-level adoption of the tech, even if it's not for public cryptocurrencies. This could normalize blockchain infrastructure, potentially paving the way for more integrated digital assets down the line."
Human-Vetted Professional Intelligence
The Big Coin Report Take
China's tax authorities are now "urging" banks to adopt blockchain for lending, ostensibly to improve credit facilities and data transparency. One might infer that Beijing is interested in more efficient data collection, among other things.
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