Chinese government will publish a cryptocurrency report after lack of national rankings

Chinese government authorities recently announced that they will publish a monthly report with an 'individual analysis' of the ranking of cryptocurrencies and Blockchain-based projects.

According to the Department of Industry and Information Technology of China (CCID) the analysis will be synthesized in a report of 28 cryptocurrencies, among which will be bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEO, Ripple (XRP), ZCash (ZEC), among others.

The project will be called the "global evaluation index of the public block chain" and will include the opinion of dozens of experts in the area, who will be able to "evaluate the technological capacity, the utility of the application and the innovation capacity of the project. , [as well as] the level of development of approaches to understand deeply the trend of blockchain technology, "they commented.

Even so, the government's position diverges from digital currencies, and is more directed towards backup technology. In this regard, the CCID authorities clarified that:

This independent analysis demonstrates the Chinese government's confidence in technology and will serve as a guide for government authorities, companies and research institutes.

However, the true position of the government can not be ignored, since it has been known many times in the past.

The authorities have incurred not only the prohibition of investments with cryptocurrencies, they have also censored social networks and popular messaging applications, such as WeChat with their recent contract app in Blockchain.

While cryptocurrencies are under surveillance, Blockchain technology seems to be more accepted, although it sounds contradictory.

For example, police authorities in China authorized the development of a platform based on distributed accounting technology to record and manage evidence reports.

Also, in recent weeks, several projects based on distributed accounting technology have been released and with the help of upcoming reports, more and more commercial sectors will have public access to valuable information for their growth.