China Announces National Blockchain Initiative, Excluding 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 $83,505.00, up 0.2% since this brief published. This is an original TLT brief synthesising 2 outlets (Cointribune, CryptoNews), plus live market data, as of Tue, 13 Oct 2026 10:15:02 UTC.
This initiative signifies China's strategic focus on blockchain technology for economic modernization while continuing to isolate decentralized cryptocurrencies like Bitcoin, potentially shaping global blockchain adoption patterns.
- China's national blockchain network aims to connect businesses, IT systems, and data nationwide.
- The plan does not mention specific cryptocurrencies like Bitcoin or Conflux's CFX token.
- Conflux's CFX token rose 26% following the announcement, despite no official endorsement.
- China maintains strict regulatory stance on decentralized cryptocurrencies.
Both Cointribune and CryptoNews report that China has announced a national blockchain network as part of its economic modernization strategy, aiming to connect businesses, IT systems, and data nationwide. However, while Cointribune emphasizes the strategic importance of the initiative, CryptoNews highlights the 26% price increase of Conflux's CFX token, despite the absence of official confirmation regarding its use in the network. Both outlets agree that the plan does not signal any easing of China's strict regulations on decentralized cryptocurrencies like Bitcoin.
On October 9, 2026, the Central Committee of the Chinese Communist Party and the State Council published a strategic document outlining a national blockchain network as a priority for economic modernization. The initiative aims to enhance connectivity between businesses, IT systems, and data across the country.
While the plan underscores China's commitment to blockchain technology, it does not mention specific cryptocurrencies, including 
Bitcoin or Conflux's CFX token. This omission suggests that the initiative is focused on centralized blockchain infrastructure rather than decentralized cryptocurrencies.
Multiple outlets report that Conflux's CFX token experienced a 26% price increase following the announcement. However, this rise appears to be speculative, as the document does not confirm the use of CFX or any other specific cryptocurrency in the national blockchain network.
China has maintained a strict regulatory stance on decentralized cryptocurrencies, including Bitcoin, while actively supporting blockchain technology. This approach reflects the country's efforts to leverage the benefits of blockchain while controlling the risks associated with decentralized digital currencies.
The total cryptocurrency market cap stands at $2.87 trillion, with Bitcoin trading at $83,363, showing a slight 24-hour decline of 0.18%. The Fear & Greed Index is at 57, indicating a state of 'Greed' in the market. Conflux's TVL is $101.85 million, with a 7-day decrease of 7.6%.
Since this brief published about 23 hours ago, Bitcoin (BTC) has moved from $83,363.00 to $83,505.00 — +0.17%.
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 TLT'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.
At today's peer-to-peer rate, 1 BTC ≈ ₦114.18M (about $83,505.00), up 0.1% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian 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 13, 2026.
TLT 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, Excluding Bi — questions & answers
What is China's national blockchain network?
It is a strategic initiative to connect businesses, IT systems, and data nationwide, aiming to modernize the economy.
Will Bitcoin be part of China's national blockchain network?
No, the plan does not mention Bitcoin or signal any easing of China's strict crypto regulations.
Why did Conflux's CFX token price increase?
The 26% price increase was likely due to speculation following the announcement, despite no official endorsement.
How much is 1 Bitcoin worth in naira today?
About ₦114.18M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,505.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.17% since this brief first published — trading at $83,505.00 now versus $83,363.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT 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 TLT 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.