I am very encouraged and glad that a power like China is strongly supporting the development of blockchain technology. It is also a very good sign representing the generation of civilization 5.0. But using this blockchain technology is not an easy one either. In some Southeast Asian countries are also trying to apply this blockchain technology but it is quite difficult because the majority are poor people and they have difficulty in applying blockchain technology.
It's not a good news to hear by us these days. Remember china is talking about the blockchain system and they have stated so many times if there will be no correlation with adoption to the cryptocurrency as a tech that use blockchain too. This news seems not a good news at all.
Blockchain needs more r&d and that's why not all of sectors can fit with the implementation of blockchain right now.
And China are going to ban crypto. Its much worse for industry
That's true and we need the third party who can create a gateway between that things.