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New Details Emerge in Chinese Government Announcement That Impacted Altcoin Price
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New Details Emerge in Chinese Government Announcement That Impacted Altcoin Price

Key Highlights: The Central Committee of the Communist Party of China and the State Council of China have officially outlined plans to establish a national blockchain network. The initiative is part of the โ€œViews on the Development of New Qualified Productive Forcesโ€ strategy and does not lift Chinaโ€™s existing ban on cryptocurrencies. Regulatory-compliant public blockchain ...

Altcoin Surges as China Announces National Blockchain Network
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Altcoin Surges as China Announces National Blockchain Network

Key Highlights: Chinese authorities are advancing plans to improve regulations around data ownership, data trading, economic rights distribution, and secure cross-border data flows. Conflux ($CFX) experienced a double-digit price surge following renewed interest generated by China’s national blockchain initiatives. Binance exchange data showed $CFX rising from approximately $0.0505 on October 10 to surpass $0.059, marking ...