China To Lift Cryptocurrency Ban After Xi Jinping's Blockchain Speech

Bitcoinist.com — Expectations are growing that China will ease its cryptocurrency ban this week after president Xi Jinping called Blockchain part of the “new industrial revolution” during a speech at the Chinese Academy of Sciences’ nineteenth annual conference in Beijing May 28.

“Ever since the start of the 21st century, a new generation of industrial revolution is substantially reshaping the global economic structure with artificial intelligence, internet of things and Blockchain constantly making application breakthroughs,” one translation reads.

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