Beijing is progressing: Blockchain revolutionizes the digital economy!

Beijing is progressing: Blockchain revolutionizes the digital economy!

In recent years, Beijing has developed into a real pioneer in the world of blockchain technologies. This development is not only crucial for the Chinese economy, but could also set new standards worldwide. Especially at a time when more than 40% of the gross domestic product (GDP) of Beijing from the digital economy comes from, the importance of blockchain becomes increasingly clear. But while blockchain is celebrated as an innovative solution, the government has also introduced strict regulations that change the game for companies.

From June 1, 2025, People’s Bank of China (PBOC) prohibits all activities in the field of cryptocurrencies, including trade, mining and even possession. This measure is a massive challenge for many small and medium-sized companies (SMEMS) and FinTech startups that are dependent on crypto-assets. According to Onesafe, companies now have to adhere to the strict regulations that also require registration with real identities. The implementation of blockchain solutions is also difficult by the lack of technical expertise in many SMEs.

regulation and its effects on KMUS

The compliance risks caused by the new law could lead to innovative approaches in the digital banking industry. At the same time, these companies have to build trust among their users and stakeholders, which is an additional challenge under the strict regulations. Trust in the systems is essential for the success of crypto playroll solutions. Transparency, security and user formation are more in demand than ever.

Another interesting aspect is that China's National Blockchain Strategy was anchored in the 13th and 14th five -year plans, which prioritizes the blockchain as part of the national infrastructure. According to CSIS, massive state investments in blockchain technology are in progress. China not only sees a tool for the economy in blockchain, but also a way to influence the global level. The country has strictly regulated the cryptocurrency market since 2021, but has long-term goals with blockchain technology.

The role of BSN and digital infrastructures

A central point in this strategy is the blockchain-based service network (BSN), which was launched in 2020. The BSN serves as a state-controlled framework that offers developers a standardized platform for blockchain applications and could be called "digital silk road" because it aims to expand China's influence in the digital area. By 2025, over 120 public knots in China and in at least 20 other countries are to be established. This learns confirmation at Forbes, where it is emphasized that the BSN not only acts as a technological basis for national development, but also new digital financial structure worldwide advertises.

State control also brings concerns about data security. Critics fear that the KPCH could gain access to sensitive data. Nevertheless, the integration of blockchain into different aspects of the economy remains unstoppable. Whether in logistics, foreign trade or agriculture - the possibilities of blockchain are practically limitless. For example, the technology is also used to implement social credit systems, which opens up a completely new dimension of surveillance.

Overall, the development of blockchain technology in China is an example of a promising, albeit challenging future. It will be exciting to observe how these technologies develop and what role the Chinese strategy will play on the global stage. SMEs and fintech startups have to prepare and adapt to be successful in this quickly changing environment.