China is going to carry on with its blockchain ambitions by designating entire cities and entities as test ground for its plans in the sector. In 2019, President Xi Jinping called on the country to “ seize the opportunity ” that had been provided by blockchain technology, speaking in vague terms which manifested themselves as a central bank digital currency (CBDC) by 2021 or 2022. Beijing, Shanghai and Guangzhou will all participate in the pilot tests of new government projects involving blockchain. The government has also selected 164 entities, including universities, hospitals, car companies and banks that will participate in...