Analysis of the Census and Supervision Trend of China Zone Chain Policy 2021

In order to fully display the development of block chain production, the 01 block chain, Zero Zhihua will launch the “Census Report (2021) of China Block Chain Products Development (2021)”, welcome relevant institutions to participate in the provision of innovation cases.

(1) Overall situation of China block chain production policy in 2021

Since the rising in the zone chain is the national strategy, the government has increasingly improving the level of the block chain. Under the support of the policy, China has a complete industrial chain and a rich landing scene. The size of the block chain producing policy in the 2020 is growing in a well, and the policy introduced in 2021 is maintained at this level. According to the incomplete statistics of the 01 block chain, the central, ministries and municipal local governments released the district block chain related policies in 2021, which is much higher than the value before 2019, indicating that this year’s block chain policy The support is still at a high level.

Figure 1: Change trend of the number of policies related to the block chain in 2016-2021

Source: 01 block chain incomplete statistics

In March 202, the block chain was written to the “National People’s Republic of China on the National Economic and Social Development of the People’s Republic of China on the 14th Five-Year Plan” and the Outline of the Route Target Outline. Promote the technology innovation of block chains, with the league chain as the key development area block chain service platform and financial science and technology, supply chain management, government service and other field applications, improve the supervision mechanism. In addition, all localities have issued policies, including 111 policies to become the largest number of block chain policies in the country, Shandong, Beijing, Jiangsu and Shanghai, have also introduced a large number of developmental chain industry policies.

This year, the block chain related policy is maintained and encouraging the industry, but it has continued the supervision and pressure of the virtual currency. Virtual currency is easy to link with illegal criminal activities such as washing money, illegal fundraising, and threaten the market order. And the virtual currency “mining” carbon emissions and energy consumption, and the virtual currency production and transaction and other links are easy to have a negative impact on the capital market, which is not conducive to promoting high quality of economic and social development. Therefore, multi-provinces and cities rectified virtual currency “mining” in 2021, and combat speculation trading.

(2) China block chain production policy status

The central and departments are actively exploring the development direction of the block chain, from the number of block chain policies issued by the central level, 132 policies issued by the partition chain issued in 2021. Among them, the State Council (18), the Ministry of Industry and Information Technology (15), the Ministry of Commerce (13), the Central Committee of the Communist Party (9), and the National Net Letter (8) and other departments have been published.

Figure 2: Number of relevant policies of the block chain of the central and ministries in 2021

Source: 01 block chain incomplete statistics

In the 9 policies issued in the central government, most block chains have emphasized infrastructure with high-tech, AI, cloud computing, and IoT and other high-tech, which means that the general admissibility of block chain technology is further recognized. The block chain and other cutting-edge technology cross-linking interactions have been formed. The “block chain +” mode combines the development requirements of the digital economic era, enriching technical means, and will enable commercial, people’s livelihood, and government affairs.

Table 1: Relevant policies of the block chain released by the central government

Source: 01 block chain incomplete statistics

Under the central call, in 2021 provinces and cities have actively respond to support and encourage the development of the relevant industries of the district chain, and seek all industries and block chain technology integration. According to incomplete statistics of 01 block chain and zero wisdom, Guangdong (111), Shandong (74), Beijing (73), Jiangsu (63), Shanghai (56), Zhejiang (50), etc. release block The chain is related to the highest policies. These regions are also the city before the development of the domestic block chain.

Table: 2 Regular list of relevant policies of local governments

Source: 01 block chain incomplete statistics

At present, about 29 provinces and cities will write the development zone chain technology to the “14th Five-Year Plan”. For the provinces of block chain policies, the planning and goals of the development block chain are clearer. Guangdong, Shandong and Zhejiang, etc. Block chain.

Table 3: Some provinces and cities in the district block chain in the “14th Five-Year Plan” in 2021

Source: 01 block chain incomplete statistics

(3) China’s virtual monetary industry supervision status

In terms of regulatory framework, the 01 block chain and the zero-zero library summarize the basic regulatory framework system related to the block chain industry in my country. The Office of the People’s Bank of China, the Internet Financial Risk Special Rehabilitation Work Leading Group and the China Internet Finance Association and its subsidiary agencies are mainly responsible for virtual currency transactions, information on financial properties such as financial attributes, and cooperate with financial management departments; The Ministry of Industry and Information Technology and its subsidiary agencies are dominated by all kinds of institutions and scholars such as the joint industry, academia, responsible for the standardization and unification work of block chain technology, and accelerate the construction of block chain standard system; national Internet information office Mainly responsible for the security of the area block chain network information service, standardization, and promotion of block chain technology and related service health development, avoiding the safety risks of block chain information services. Figure 3: China block chain industry basic regulatory framework

The supervision of virtual currency appeared in 2013, the people’s banking and other five commissions released the “Notice on Preventing Bi-Bo Risk”, which clarifies that Bitcoin is a specific virtual goods, does not have legal status with currency equivalents, cannot Should not be used as a currency in the market. In 2017, the seven ministries and commissions of the People’s Bank jointly issued the “Announcement on the Risk of Working Currency Release Finance”, calling the financing activities of the issuance of virtual currency. This year, with the rise of encrypted currencies and NFT, the state strikes in combating virtual currencies.

In May of this year, the China Internet Financial Association, China Banking Association, and China Payment Society jointly released an announcement on preventing the risk of speculation of virtual currency trading, an announcement clear financial institutions, and payment institutions may not carry out business related to virtual currency. On June 21st, the central bank talked about five major banks such as ICBC, Agricultural Bank, and Alipay, requiring “comprehensive investigation and identification” for encrypted currency transactions to create conditions, and block all relevant transactions. In September, the People’s Bank released the “Notice on Further Prevention and Disposal of Virtual Money Trading”, further clearly indicating the properties of virtual currency and virtual currency related activities, clearly proposing the working mechanism to respond to virtual currency transactions, strengthen the risk of trading Supervision.

The supervision of virtual currency “mining” activities is another important policy this year. On May 21st, at the fifty-first meeting, the State Council’s Financial Stabilization Development Committee emphasized the combating Bitcoin mining and trading behavior, resolutely prevent individual risks to deliver individual risks to the social field. The “mining” combat activity against virtual currency is then carried out. According to incomplete statistics, as of December this year, my country’s 12 provinces have successively issued a policy to rectify virtual currency, including Inner Mongolia, Qinghai, Xinjiang, Yunnan, Sichuan, Anhui, Hebei, Jiangsu, Zhejiang, Fujian, Jiangxi, Hainan.

Table 4: Introduced 2021 provinces and cities

Source: 01 block chain incomplete statistics