China Announces National Blockchain Initiative, Excludes Bitcoin
China's new national blockchain network aims to modernize the economy while maintaining strict crypto regulations.
China's new national blockchain network aims to modernize the economy while maintaining strict crypto regulations. Bitcoin (BTC) is trading at $81,295.00, down 1.0% since this brief published. This is an original Token Times brief synthesising 2 outlets (Cointribune, CryptoNews), plus live market data, as of Tue, 13 Oct 2026 01:00:01 UTC.
This initiative signifies China's strategic focus on blockchain technology as a key economic driver while continuing to isolate decentralized cryptocurrencies like Bitcoin. The project could reshape how businesses and data systems operate across the country.
- China's national blockchain network aims to connect businesses and data systems nationwide.
- The plan doesn't specify if existing blockchain projects like Conflux will be utilized.
- China maintains its strict stance on decentralized cryptocurrencies like Bitcoin.
- Conflux (CFX) price rose 26% following the announcement.
Both Cointribune and CryptoNews report that China has announced a national blockchain network as part of its economic modernization strategy, aiming to better connect businesses and data systems. However, while Cointribune focuses on the strategic document's details, CryptoNews highlights the market reaction, noting Conflux's 26% price increase without confirming its involvement in the project. Neither outlet suggests a change in China's strict crypto regulations.
China has unveiled plans for a national blockchain network, as detailed in a strategic document published by the Central Committee of the Chinese Communist Party and the State Council on October 9, 2026. The initiative aims to modernize the economy by improving connections between businesses, IT systems, and data across the country.
The announcement has sparked interest in the crypto market, with Conflux (CFX) seeing a significant price increase of more than 26% following the news. However, the plan does not specify whether existing blockchain projects like Conflux will be utilized, nor does it indicate any easing of China's strict regulations on decentralized cryptocurrencies.
Multiple outlets corroborate that the national blockchain network is part of China's broader economic strategy, but they differ in their emphasis. Cointribune focuses on the strategic document's details, while CryptoNews highlights the market's reaction and the lack of clarity on Conflux's role.
The development comes as China's approach to blockchain technology contrasts with its stringent stance on decentralized cryptocurrencies. The country has consistently maintained a firm grip on crypto assets, while simultaneously investing in blockchain infrastructure to support its economic goals.
In the current market context, the total crypto market cap stands at $2.84 trillion, with 
Bitcoin experiencing a 24-hour decline of 1.99% to $82,117. The Fear & Greed Index remains at 69, indicating a state of 'Greed' among investors. Conflux's Total Value Locked (TVL) is $101.97 million, down 6.0% over the past seven days.
Since this brief published about 14 hours ago, Bitcoin (BTC) has moved from $82,117.00 to $81,295.00 — -1.00%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will the price of Bitcoin be above $82,000 on October 13?
Crowd-implied probability on Polymarket, $57.45K 24h volume, resolves Oct 13 — snapshotted when this brief published (Oct 12 23:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.40M (about $81,295.00), down 3.0% over 24 hours. The rupee itself trades about 7.7% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 12, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
China Announces National Blockchain Initiative, Excludes Bit — questions & answers
What is China's national blockchain network intended to do?
The network aims to modernize China's economy by connecting businesses, IT systems, and data nationwide.
Will Conflux be used in China's national blockchain network?
The plan does not specify if Conflux or any other existing blockchain projects will be utilized.
How has China's announcement affected the crypto market?
Conflux's price rose over 26%, but the overall market remains down, with Bitcoin declining 1.99%.
How much is 1 Bitcoin worth in rupee today?
About ₹8.40M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,295.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 1.00% since this brief first published — trading at $81,295.00 now versus $82,117.00 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointribune, CryptoNews, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.