BitDigest August 10 · Issue #717
- Bitcoin continues to find resistance at $12,000
- China has released an english-language website inviting developers to join the Blockchain Service Network (BSN)
- New York DFS releases “greenlist” of approved digital assets
Will Blockchain Become the Next Tech Battle Ground with China
Like many others, I spent the weekend reading about President Trump’s decision to ban Americans from carrying out transactions with Chinese owned apps TikTok and Wechat. This morning, I discovered that China has released an international website for its national blockchain, the Blockchain Service Network (BSN), inviting developers to create new applications to run on this seemingly-centralized network. Given that China appears to be building this network as the underlying layer operating the country’s new digital infrastructure, I immediately asked myself if President Trump will raise this as his next point of anti-Chinese rhetoric and prohibit US developers from building on the BSN.