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China Urges Banks to Adopt Blockchain for Lending and Tax Data Integration
China is intensifying its push toward a fully digitized financial system after urging banks to integrate blockchain technology into lending and tax data infrastructure. The directive, issued by the State Administration of Taxation and financial regulators in China, shows a deeper interest in transforming how credit is assessed and distributed across the Chinese economy. Authorities are now positioning blockchain as a core infrastructure that can connect banks, businesses, and government systems through a shared, verifiable data layer. The move also aligns with China’s broader strategy to modernize financial ... (full story)
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