The post China’s CAC to Boost Blockchain and AI Innovation appeared on BitcoinEthereumNews.com. Key Points: Zhuang Rongwen emphasizes blockchain and AI innovation. Focus on enhancing digital economy support. No direct impact on specific cryptocurrencies. Zhuang Rongwen announced China’s commitment to accelerating AI and blockchain innovation during a December 7 interview with the People’s Daily, emphasizing industrial ecosystem development. China’s approach could enhance digital infrastructure, but restrictions on cryptocurrency remain. Market reactions may include strengthened enterprise blockchain initiatives while speculative trading controls persist. China’s Digital Push: Blockchain and AI at the Forefront Zhuang Rongwen highlighted China’s aim to accelerate innovation in digital technologies like blockchain and AI. According to Zhuang Rongwen, Director of the Cyberspace Administration of China (CAC), “We will accelerate breakthroughs in network information technology innovation, speeding up innovation in digital technologies such as artificial intelligence and blockchain.” The Cyberspace Administration of China plans to promote digital empowerment within the economy. The initiative is part of China’s broader push to modernize its digital infrastructure and enhance its economic capabilities. This statement comes as China continues to navigate the balance between technological advancement and regulatory governance. Updated Guidelines for Cybersecurity and AI Oversight in China reinforce this approach, reflecting China’s ongoing strategy to enhance its digital economy while maintaining strict control over the speculative aspects of cryptocurrencies. Market reactions have been cautious, with no direct responses from major cryptocurrencies like BTC or ETH. Industry experts suggest the focus remains on technological improvement rather than cryptocurrency encouragement. No major statements from crypto figures have contradicted this position, keeping market effects limited and indirect. Bitcoin Trends Amid China’s Tech Strategy Did you know? With China’s control over cryptocurrency trading, its emphasis on blockchain as a digital infrastructure marks a shift without affecting public cryptocurrencies directly, reflecting similar historical patterns in digital policy. Bitcoin prices currently stand at $89,226.23 with a market cap of approximately $1.78… The post China’s CAC to Boost Blockchain and AI Innovation appeared on BitcoinEthereumNews.com. Key Points: Zhuang Rongwen emphasizes blockchain and AI innovation. Focus on enhancing digital economy support. No direct impact on specific cryptocurrencies. Zhuang Rongwen announced China’s commitment to accelerating AI and blockchain innovation during a December 7 interview with the People’s Daily, emphasizing industrial ecosystem development. China’s approach could enhance digital infrastructure, but restrictions on cryptocurrency remain. Market reactions may include strengthened enterprise blockchain initiatives while speculative trading controls persist. China’s Digital Push: Blockchain and AI at the Forefront Zhuang Rongwen highlighted China’s aim to accelerate innovation in digital technologies like blockchain and AI. According to Zhuang Rongwen, Director of the Cyberspace Administration of China (CAC), “We will accelerate breakthroughs in network information technology innovation, speeding up innovation in digital technologies such as artificial intelligence and blockchain.” The Cyberspace Administration of China plans to promote digital empowerment within the economy. The initiative is part of China’s broader push to modernize its digital infrastructure and enhance its economic capabilities. This statement comes as China continues to navigate the balance between technological advancement and regulatory governance. Updated Guidelines for Cybersecurity and AI Oversight in China reinforce this approach, reflecting China’s ongoing strategy to enhance its digital economy while maintaining strict control over the speculative aspects of cryptocurrencies. Market reactions have been cautious, with no direct responses from major cryptocurrencies like BTC or ETH. Industry experts suggest the focus remains on technological improvement rather than cryptocurrency encouragement. No major statements from crypto figures have contradicted this position, keeping market effects limited and indirect. Bitcoin Trends Amid China’s Tech Strategy Did you know? With China’s control over cryptocurrency trading, its emphasis on blockchain as a digital infrastructure marks a shift without affecting public cryptocurrencies directly, reflecting similar historical patterns in digital policy. Bitcoin prices currently stand at $89,226.23 with a market cap of approximately $1.78…