Amidst Crackdown on Crypto, China Issues Certificate to Blockchain Project: See the Proof


VeChain, a decentralized project focused on real-world use cases, shared certificate issued by Chinese authorities

VeChain, a veteran cryptocurrency project based in Singapore, has shared a photo of a certificate issued by a Chinese governmental body.

Chinese State Council association recognizes blockchain project

According to the official announcement from the VeChain (VET) team shared on its Twitter account, it has received a certificate from the China Standards Association.

VeChain representatives stated that this certificate is to confirm the recognition of VeChain’s contribution to the development of the T/CAS 493-2021 Standard.

The China Standards Association is governed by the State Council of the People’s Republic of China, which is the country’s main administrative authority.

The standard mentioned in VeChain’s post is designed to regulate household electrical equipment.

Are all “animals” equal?

Audiences of VeChain’s Twitter account are generally excited by this announcement, and marveled at the opportunity for the blockchain project to obtain such a document amid devastating anti-crypto attacks by Chinese watchdogs.

At the same time, as covered by U.Today previously, even some Bitcoin (BTC) miners found ways to circumvent all of the restrictions imposed on the crypto segment.

Recently, police detected mining rigs that were operated by 77 Chinese government units (universities, state-owned enterprises, state government agencies, and CCP committees) in Zhejiang Province.


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