After the Political Bureau of the Central Committee of the Communist Party of China conducted the 18th collective study on the development status and trends of blockchain technology, local governments have also issued a series of policies one after another, hoping to seize the opportunity in this round of blockchain development. have to develop. As of February 2020, a total of more than 40 blockchain-related guiding policies have been issued at the national level. Among them, the State Council has issued 13 blockchain-related guiding policies, and 6 of them will be issued in 2019.

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Central Blockchain Policy

On October 18, 2016, the Ministry of Industry and Information Technology released the "White Paper on my country's Blockchain Technology and Application Development (2016)". Blockchain technology development roadmap and standardization roadmap.

On December 17, 2016, the State Council issued the "13th Five-Year Plan for National Informatization", which proposed to strengthen the basic research and development and frontier layout of blockchain and other technologies, and include blockchain technology in the level of national information planning.

On May 17, 2017, the Ministry of Industry and Information Technology released the "Blockchain Reference Architecture". Through the elaboration of the user view and functional view of the blockchain, the main participants and core functional components of the blockchain were specified in detail, and the system description blockchain ecosystem.

On December 12, 2017, the Ministry of Industry and Information Technology issued the "Blockchain Data Format Specification", which stipulates the data structure, data classification and their interrelationships and the data format requirements of data elements related to blockchain technology, etc. Data references are provided. At present, the "China Blockchain Technology and Application Development White Paper", "Blockchain Reference Architecture" and "Blockchain Data Format Specification" have all been contributed to international standards as standardized documents.

On March 23, 2018, the Ministry of Industry and Information Technology issued the "2018 Informatization and Software Service Industry Standardization Work Points", which proposed for the first time to promote the establishment of the National Blockchain and Distributed Accounting Technology Standardization Committee.

On November 4, 2019, the Ministry of Industry and Information Technology proposed in the "2018 Informatization and Software Service Industry Standardization Work Points" that it will promote the establishment of the National Blockchain and Distributed Accounting Technology Standardization Committee, systematically promote the standard formulation work, and accelerate the formulation of key urgently needed Standards, build a standard system, actively connect with ISO, ITU and other international organizations, and actively participate in international standardization work.

As of the beginning of December 2019, a total of more than 40 blockchain-related guiding policies have been issued at the national level. Among them, the State Council and the General Office of the State Council have issued 13 blockchain-related guiding policies. In 2019, the state’s support for blockchain technology continues to increase. , The State Council issued 6 blockchain-related guiding policies, covering food safety, digital currency, trade, government affairs management, transportation, etc.

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Blockchain policies of provinces and cities across the country

Since October, various regions have successively released blockchain policies to encourage the development of the blockchain industry. According to incomplete statistics, at least 17 provinces across the country have successively launched blockchain-related policies. At the same time, more than ten provincial party committee secretaries across the country have spoken out for the blockchain and held a special learning conference on the blockchain. Among them, the policies of various provinces and cities on encouraging the development of blockchain.

Nearly 70% of policies encourage the development of blockchain technology. Many regions attach great importance to blockchain technology, regard blockchain as one of their future development strategies, actively deploy and focus on supporting the R&D and application of blockchain technology, so as to drive the common development of related industries.

For example, Beijing Zhongguancun Management Committee, Beijing Financial Work Bureau, and Beijing Municipal Science and Technology Commission announced in November 2018 that blockchain technology will be included in the scope of Beijing's "financial technology" development plan; For future industries such as blockchain, the "Hebei Xiong'an New Area Planning Outline" also pointed out that it is necessary to clarify the key points of industrial development, and advance the development and testing of blockchain, terahertz, cognitive computing and other technologies; Emerging software products and services are included in key investment promotion categories.

From the perspective of policy support, Guangzhou's "Chain Ten" version 2.0 and Hainan's "Chain Six" lead the country, giving blockchain industrial parks and enterprises great support in terms of talents, technology, capital, infrastructure, and scenario applications. Policy support. In addition, local governments such as Xiamen and Chengdu also introduced blockchain-related financial support and subsidy policies after the "10.24 Speech".

In addition to policy encouragement, localities also encourage the construction of blockchain industry-university integration, and encourage the application of blockchain technology by building blockchain laboratories and industrial parks. For example:

Hangzhou Xixi Valley encourages the research and development and application of blockchain technology, and rewards scientific and technological achievements that have won scientific and technological awards above the municipal level and have been transformed in Xihu District. After identification, the national level is 1 million yuan, the provincial level is 500,000 yuan, and the municipal level is 200,000 yuan. million in subsidies.

Shanghai Yangpu District encourages key enterprises to cooperate with universities and scientific research institutes to set up blockchain technology and industry application key laboratories, research centers and other institutions with independent legal personality in the district, and open them to the society. If it is rated as national level or Shanghai municipal level, the district government will give a single institution a special reward of no more than 6 million and 3 million yuan.

At the level of the blockchain industry, on the one hand, various regions have initiated the establishment of blockchain industry funds to support the development of blockchain start-ups. According to the statistics of People’s Venture Capital, as of December 2018, the scale of blockchain industry funds established by the government has reached nearly 40 billion yuan.

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Blockchain policies in Hong Kong, Macao and Taiwan

In the wave of global digitalization, countries around the world have been discussing blockchain and digital currency regulatory solutions. Unlike the mainland's strong regulation of digital currency, Hong Kong has gradually become a blockchain and digital currency Shahe due to its particular economic and political status. Supervised test field.

In November 2019, the Hong Kong Securities Regulatory Commission issued a white paper on the supervision of virtual asset trading platforms, which shows that for domestic and foreign blockchain practitioners, Hong Kong may be a place of policy compliance.

On November 1, 2018, the Hong Kong Securities Regulatory Commission announced new regulations on virtual assets - "Statement on the Regulatory Framework for Virtual Asset Portfolio Management Companies, Fund Distributors and Trading Platform Operators".

The new regulations mainly involve the supervision of three types of entities: virtual asset portfolio management companies, virtual asset fund distributors, and virtual asset trading platform operators (commonly known as cryptocurrency exchanges).

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