The Chinese state has chosen to embrace blockchain while trying to limit cryptocurrencies as much as possible, with state regulators seeking to make sure the average Chinese citizen has no access to cryptocurrencies, according to a Forbes report by Roger Huang. This has led to a strange world where the Chinese state censored posts against blockchain while the Chinese central bank voiced its will to “clamp down on cryptocurrency trading.” It seems to be a strange contradiction at first: China is perfectly willing to embrace blockchains but not cryptocurrencies that are built on them. It only makes sense when you ... (full story)