China Urges Banks and Local Authorities to Use Blockchain For Lending Services
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Apr 5, 2026: China’s tax and financial regulators urged banks and local authorities to pilot blockchain for lending and secure data sharing to boost transparency, efficiency and privacy in “bank‑tax interaction”. Guidance ties to China’s $58B national blockchain infrastructure plan, stresses privacy computing and explicitly separates regulated blockchain adoption from crypto speculation (security, adoption, protocol updates). Implication: accelerated institutional blockchain adoption and funding for on‑chain lending and secure data exchange; positive for blockchain infrastructure and regulated crypto projects.
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- China has urged banks and local authorities to use blockchain for lending and secure data sharing.
- Authorities seek transparency, efficiency, and privacy computing in “silver-tax interaction.”
- Banks could pilot blockchain systems in line with China’s $58B plan for blockchain infrastructure.
China has urged banks and local authorities to adopt blockchain technology to improve lending and enable secure data sharing. The move focuses on boosting transparency, improving efficiency, and strengthening privacy-protected financial data exchange.
The guidance comes as China accelerates development of its national data infrastructure while separating regulated blockchain innovation from crypto speculation.
China Pushes Blockchain for “Bank-Tax Interaction”
On April 5, 2026, the State Administration of Taxation and the National Financial Regulatory Administrat…
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