China Gov’t Will Publish Cryptocurrency Analysis

The Chinese government announced it will publish a monthly “independent analysis” of cryptocurrencies and blockchain projects at a Beijing conference May 11.

According to two press releases accompanying the announcement, the Chinese Ministry of Industry and Information Technology’s department China Electronic Information Industry Development (CCID) will analyze 28 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Monero, NEO, QTUM, Ripple, and Zcash, to name a few. The press release states that ranking information for all 28 projects will be published “in the next few days.”

“First-rate domestic experts and scholars” will contribute to the project, which creators have dubbed the ‘Global Public Chain Assessment Index.’ According to the CCID release, the goal of the Index is to “evaluate the technological capability, the usefulness of the application and the innovativeness of the project, [as well as the] development level of the projects to profoundly understand the trend of blockchain technology innovation.

Reference: https://cointelegraph.com/news/china-govt-will-publish-cryptocurrency-analysis-amid-lack-of-independent-ratings

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