Almost a yr after China banned crypto buying and selling and mining, the director of the Expertise Supervision Bureau at Chinaøs Securities Regulatory Fee has revealed a guide discussing Net 3.0 and blockchain know-how.
See associated article: Shanghai turns to metaverse, NFTs to counter lockdown financial fallout
Quick information
- Yao Qian’s guide “Net 3.0: Modifications and Challenges of the Subsequent Technology Web” covers a swathe of matters round blockchain corresponding to DAO, Defi, NFT, GameFi, SocialFi and X-to-Earn.
- Within the foreword, Yao stated that “Net 3.0 innovation has change into a improvement path that international locations are extremely involved with and worth,” and the analysis on it’s “of nice significance for China’s Web infrastructure improvement and associated industries.”
- Yao was the primary director of the Chinese language Central Financial institution’s Digital Forex (CBDC) analysis division and served from 2017 to 2018.
- In articles revealed in 2017 and 2018, Yao had questioned the coexistence of CBDC and cryptocurrencies, and mentioned the potential of decentralized ledger know-how.
- Yao was additionally named one of the crucial influential folks within the blockchain subject in 2017 by Coindesk.
- China banned crypto mining and buying and selling from September 2021. This, along with China’s strict zero-Covid coverage, is pushing miners, crypto service suppliers and Net 3.0 expertise to hunt greener pastures abroad corresponding to in Singapore.
See associated article: Beijing, Hengqin ramp up metaverse amid struggling financial system
