The Central Committee of the Communist Party of China and the State Council released an official policy document outlining 19 technology industry development measures on Oct. 9, 2026, via Xinhua News Agency. The document carries a specific mandate: the establishment of a national blockchain network.
The government paired the rollout of this blockchain network with plans for an integrated national computing network. The initiative aims to bridge the real and digital economies, facilitate manufacturing upgrades, and support national data infrastructure. The document also calls for formulating data ownership and trading rules, overhauling overall data infrastructure, and launching pilot projects that treat data as an economic resource.
State Infrastructure, Not a Private Domain
The Oct. 9 move solidifies blockchain’s standing as state infrastructure. China is separating the technology entirely from the private sector, let alone cryptocurrencies. Throughout the policy text, Bitcoin and other crypto assets are not mentioned once. The document focuses purely on permissioned blockchain networks and strengthening government-owned digital infrastructure. The action plan also mandates expanded support for the East Data, West Computing program and various industrial internet projects.
A Track Record of Preparations Throughout 2026
Before the official party guidelines were issued, government agencies had already paved the way through a series of technical-level regulations. In April 2026, the State Taxation Administration and national financial regulators began pushing for blockchain-based tax data sharing to facilitate bank loans for Micro, Small, and Medium Enterprises (MSMEs).
Four months later in August 2026, the Guangdong Provincial Government drafted a 2026-2030 free trade zone plan that included cross-border digital yuan pilots. In the same month, China’s central bank (PBOC) added 8 new bank operators to the digital yuan network, boosting the total number of participants from 22 to 30 operators.
Strict Oversight Beyond the Mainland
Beyond domestic infrastructure preparations, the government tightened its oversight of tokenized assets. Through separate regulations in February 2026, the PBOC and the China Securities Regulatory Commission (CSRC) expanded their jurisdiction to cover stablecoins and token-based assets. The rules stipulate that offshore issuances of yuan-denominated stablecoins require official authorization from relevant authorities.
China’s policy trajectory is increasingly clear: blockchain technology holds a central role in the nation’s economic structure, but its implementation operates strictly under total state control, completely detached from public crypto market narratives.
Reported via crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
