China Communist Party With A New Book On Cryptocurrencies

An education institution in China, training officials from the country’s Communist Party, has published yet another book on cryptocurrencies. The authors include the former Vice President of the People’s Bank of China (PBoC), as well as other formerly high-ranked officials.

China Continues Its Efforts in the Industry

According to a recent report from the local press, China’s Central Party School of the Communist Party has published another book from its Blockchain series.

The authors of the book include the former Vice Chairman of the National Social Security Fund Council, the former Chairman of the country’s Construction bank, a former Vice President of the People’s Bank of China, and other ex high-ranked officials.

Per the report, the book looks into the nature and the future of digital currencies. It dives into the origin and history of money regarding the legal statutes of cryptocurrencies. Moreover, it also explores the areas where they can be traced to, including cryptocurrency exchanges, initial coin offerings (ICOs), stablecoins, and so forth.

The edition also makes a comparative analysis of multi-dimensional discussions and theory reflections, systematic and practical approach, and it also explores the risks stemming from different types of digital currencies and the proposed regulatory solutions.

Making Serious Strides

The latest book on the topic doesn’t really come as a surprise, given China’s proactive stance on blockchain-based technology. However, it’s also interesting that the country demonstrates an increased interest in digital currencies.

As CryptoPotato recently reported, testing for China’s central bank digital currency (CBDC) has supposedly started in the Xiongang New Area in the Northern areas of the country. Companies such as McDonald’s, Starbucks, and Subway, are among the first ones to trial it.

On another front, one of the country’s most powerful corporations, Tencent, launched a blockchain accelerator. The project aims at 30 blockchain-oriented companies, providing the needed technological activities. It’s a multi-dimensional service platform that intends to improve business opportunities and technology while achieving strategic planning and preparing companies for the actual industrial environment.

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