China Crypto Strategy Expands as Beijing Backs National Blockchain Network
China introduced crypto plans for a nationwide blockchain community. The proposal appeared in a coverage doc from the Communist Party of China Central Committee and the State Council, made public by Xinhua. The doc frames blockchain inside a wider digital-economy growth, whereas mainland China’s ban on cryptocurrency transactions stays in place.
The China coverage doc, titled “Opinions of the CPC Central Committee and the State Council on Developing New Productive Forces,” makes no point out of Bitcoin or different unbiased crypto. Its broader agenda consists of digitizing manufacturing, constructing a nationwide built-in computing-power community, and advancing the “Eastern Data, Western Computing” challenge, which shifts information storage and computing exercise towards western areas.
Beijing’s assist for blockchain as infrastructure could create alternatives in enterprise and authorities techniques, nevertheless it doesn’t quantity to permission for mainland residents to commerce personal cryptocurrencies. China’s present state-backed Blockchain-based Service Network (BSN) helps authorities and enterprise functions whereas prohibiting cryptocurrencies such as Bitcoin from working on its rails.
BIG: China’s Communist Party and State Council simply ordered a nationwide blockchain community to be constructed as a part of a brand new top-level blueprint for the nation’s economic system. pic.twitter.com/PD3HWTWFhl
— Cointelegraph (@Cointelegraph) October 10, 2026
Whether the proposed nationwide system builds on BSN is feasible however unconfirmed. The coverage additionally cautions towards prioritizing digital exercise over the true economic system or creating bubbles, a sign that the acknowledged goal is sensible integration with manufacturing and different financial exercise, not unrestricted token hypothesis.
Related blockchain functions embody atomic settlement of tokenized assets and regulated controls for on-chain financial products, however neither establishes how China’s community can be designed.
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CFX’s Rally on China Crypto Positioning
IBTimes reported that investor curiosity in China-linked Conflux elevated after the announcement, with CFX climbing from Saturday morning and reaching highs above $0.07 on Sunday. At 8:00 a.m. EDT that day, it was close to $0.066, greater than 26% above the earlier shut.
The supply describes CFX as extensively seen as China’s solely regulatory-compliant public blockchain, citing Conflux’s work with state-backed companies, its strategy to unregulated crypto token gross sales inside China, and its founders’ skilled and educational ties to state-run Tsinghua University.
But the coverage doc doesn’t title Conflux as the operator of the proposed community, nor does it say CFX can be used as its token. The rally costs an affiliation and a doable future profit, not a authorities choice or confirmed integration.
The China narrative can entice speculative demand shortly, whereas any sturdy basic case would require proof of a task in pilots, requirements, or deployed infrastructure. The coverage announcement provides none of these confirmations. It helps the view that blockchain is a part of China’s digital economic system agenda.
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CFX Price Snapshot: Event Highs and Later Data Differ
The reported event-session reference was roughly $0.066 at 8:00 a.m. EDT on October 11, after CFX had traded above $0.07.
The near-term take a look at is whether or not the market continues to assign worth to Conflux’s China-linked positioning after the headline response, whereas coverage particulars stay unspecified. Until authorities determine implementation requirements, governance or collaborating networks, the announcement is a significant infrastructure signal-but not affirmation that CFX has secured a spot in China’s nationwide blockchain community.
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