In a full-page feature entitled "Three Questions to Blockchain" published Monday, the CCP's official media doubled down on the government's commitment to supporting the use of the technology, while also warning about the growing risk associated with some of its use cases.
The report reads:
"Blockchain technology is still very immature. We must be cautious about speculation on this concept and separate technology-based innovations from those with a fund-raising purpose. In order to better promote and utilize the blockchain technology, the government should implement strengthened policies and regulations."
Hu further suggested that regulators should be more proactive in stepping up its efforts to initiate frameworks that help the public to distinguish technology innovations from those with a fund-raising substance.
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