ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China's self-defeating cryptocurrency ban is unnecessary

Beijing cannot be a blockchain champion while waging war on the thing that drives it

| China
China's crypto market has reached a stage of maturity where it needs regulatory clarity to attract more capital.   © Reuters

Rebecca Liao is the co-founder of Skuchain, a currency agnostic blockchain platform for global trade, and served as a policy adviser to the Biden and Clinton presidential campaigns.

When China banned all cryptocurrency transactions in late September, it continued to move full steam ahead on its digital yuan and Blockchain-Based Service Network, known as BSN.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more