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China’s State-Run Media: Bitcoin Is Blockchain’s First Success

Published 11/11/2019, 04:38 AM
Updated 11/11/2019, 06:21 AM
© Reuters.  China’s State-Run Media: Bitcoin Is Blockchain’s First Success
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The official Chinese state-run Xinhua News Agency has published a report recognizing Bitcoin (BTC) as “the first successful application of blockchain technology.”

Published today, Nov. 11, the coverage is exceptional given China’s abiding hardline stance against decentralized cryptocurrencies, as epitomized by Beijing’s historic September 2017 blanket ban on crypto exchanges and initial coin offerings.

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