Amidst Crackdown on Crypto, China Issues Certificate to Blockchain Project: See the Proof

Please fol­low and like us:
Pin Share


article image
Vladislav Sopov

VeChain, a decen­tral­ized project focused on real-world use cas­es, shared cer­tifi­cate issued by Chi­nese officials

Con­tents

VeChain, a vet­er­an cryp­tocur­ren­cy project based in Sin­ga­pore, has shared a pho­to of a cer­tifi­cate issued by a Chi­nese gov­ern­men­tal body.

Chinese State Council association recognizes blockchain project

Accord­ing to the offi­cial announce­ment by the VeChain (VET) team shared on its Twit­ter account, it has received a cer­tifi­cate from the Chi­na Asso­ci­a­tion for Standardization.

VeChain rep­re­sen­ta­tives stat­ed that this cer­tifi­cate is to con­firm the recog­ni­tion of VeChain’s con­tri­bu­tion to the devel­op­ment of the T/CAS 493‑2021 Standard.

The Chi­na Asso­ci­a­tion for Stan­dard­iza­tion is gov­erned by the State Coun­cil of the Peo­ple’s Repub­lic of Chi­na, which is a chief admin­is­tra­tive author­i­ty in the country.

The stan­dard men­tioned in VeChain’s post is designed to reg­u­late house­hold elec­tri­cal equipment.

Are all “animals” equal?

The audi­ence of VeChain’s Twit­ter account is gen­er­al­ly excit­ed by this announce­ment and is sur­prised about the oppor­tu­ni­ty for the blockchain project to obtain such a doc­u­ment amid dev­as­tat­ing anti-cryp­to attacks by Chi­nese watchdogs.

At the same time, as cov­ered by U.Today pre­vi­ous­ly, even some Bit­coin (BTC) min­ers found ways to cir­cum­vent all of the restric­tions imposed on the cryp­to segment.

Recent­ly, the police detect­ed min­ing rigs that were run by 77 Chi­nese gov­ern­men­tal units (uni­ver­si­ties, state-owned enter­pris­es, state gov­ern­men­tal bod­ies and CCP com­mit­tees) of Zhe­jiang Province.



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *