Xuexi.cn spearhead by the Publicity Department of the Central Committee of the Communist Party of China (CCPPD) has said it is leading the revolution by launching a video targeted at enlightening people about blockchain technology, Bitcoin, Ethereum, among others.
The videos, according to reports, come in 25 series and contain lessons on the basics of Bitcoin, Ethereum, smart contracts, and importantly other basic aspects of blockchain technology.
It as well elaborates on blockchain security, big data and necessary programming code examples needed to get acquainted with cryptocurrency.
The development is preceded by two important announcements within a short time. Today, the China’s National People Congress has passed ‘The Cryptography Law’ a day after Chinese President and General Secretary of the Communist Party of China President Xi Jinping spoke on leading other country in blockchain technology industry by placing every stratum of the country on the nascent innovation.
The country is pacing ahead of the United States in the world of cryptocurrency and blockchain technology. Remember the U.S Congress is still giving Facebook’s cryptocurrency Libra a tough time. The digital currency, which promised not to launch until US’ approval, may be denied existence by the country’s congress.
Meanwhile, the cryptography law passed by the congress is to take effect from January 1, 2020.
The law, according to the country is fashioned at “standardizing the application and management of passwords, promoting the development of the password business, ensuring network and information security, and improving the scientific, standardized and legalized level of password management,” says the China’s local news outlet CCTV.
The 13th National People’s Congress unanimously voted in support of ‘The Cryptography Law’ today at the 14th meeting of the congress standing committee. The law, by all indication is a compressive and basic law in world of cryptocurrency.
The unannounced launch date of China’s cryptocurrency is fast approaching. It is clear that the country will lead the U.S in launching the digital currency.
The digital version of China’s Yuan is closer to launch, says the brains behind the innovation. Yesterday the president also added to the glad tidings, promising to put the country on the blockchain.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.