The Standing Committee of the 13th National People’s Congress in China have passed a new “crypto law” that goes into effect on Jan. 1, 2020.

The deputy head of the Chinese regulator State Administration of Foreign Exchange (SAFE), Lui Lei, is reported as saying that China plans to use AI & the blockchain to finance cross borders projects.

This comes after China’s President Xi Jinping annouced that China must ‘seize the opportunity’ of blockchain for innovation in an address to congress.

China is now positioning itsef to become the world leader in blockchain technology. China passes crypto law

Uncle Bob is veteran of the crypto game. None of what is written should be taken as financial advice and before investing everyone should do their own due diligence.

Uncle Bob has a well followed crypto related twitter account and can be viewed here

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