China Sets 2030 Target to Basically Complete National Blockchain Network
By Crypto Wire
October 24, 2026
China’s Central Cyberspace Affairs Commission has put a hard date on a project desks have watched in outline for months: by 2030, the country’s national blockchain network should be “basically completed,” according to the 15th Five-Year Plan for National Informatization posted October 23, 2026 at 18:00 Beijing time on the Cyberspace Administration of China site and confirmed in English by Xinhua. Crypto wraps from Cointelegraph and CryptoWatchDesk stress the same cut: this is state infrastructure for trade, tax, logistics, and digital identity — not a reopen of mainland crypto trading. This is a Plain English Policy chapter for collectors who still confuse “China builds blockchain” with “China lets NFTs trade.”
The CAC notice frames the 2030 blockchain line beside other infrastructure targets: a land-sea-air-space network system “basically formed,” a next-generation communications net finished, and sixth-generation mobile (6G) commercial launch “at the appropriate time,” with an “intelligent internet” also speeding up. Among tasks, the plan tells officials to implement the national blockchain network construction project and consolidate what translated coverage calls the foundation of a “value internet.” An infrastructure box, per CryptoWatchDesk’s reading of the full plan text, adds three practical steps: finish the central backbone faster, connect regional hubs, and improve shared services such as distributed digital identity. The document gives no budget line and no node count for the network — desk rule: do not invent either.
Regional assignments in the same wraps map where Beijing wants blockchain to show up first. Beijing-Tianjin-Hebei gets twin-airport hubs and smart logistics. The Yangtze River Delta is told to deepen trade and finance use. The Guangdong-Hong Kong-Macao Greater Bay Area is flagged for faster rollout of new blockchain applications. Chengdu-Chongqing is tasked with large-scale use in commerce, manufacturing, and agriculture. Separately, the plan calls for blockchain plus privacy-preserving computation in data circulation and trading, for national technical standards, and — in its own line — to “steadily develop the digital renminbi.” Nothing in the published notice language, or in the Cointelegraph / CryptoWatchDesk reads, names open cryptocurrencies, NFT marketplaces, or stablecoin trading rails as in-scope products.
Context keeps the story from being oversold as a crypto thaw. The network already appeared in China’s broader national development plan in March, and a joint party / State Council policy on October 9 called for its construction; Friday’s informatization plan is what stamps 2030 as the “basically completed” date. Mainland China continues to ban crypto-related business even while it treats blockchain as a technology priority — a split Cointelegraph and CryptoWatchDesk both restate. Hong Kong, named inside the Greater Bay Area chapter, runs a separate licensing regime; this week’s HSBC RedCoin retail HKD stablecoin launch on PayMe (11030) sits on that Hong Kong track, not as a mainland trading reopen. Elsewhere in the region, MAS BLOOM cross-border stablecoin settlement work with Malaysia and Thailand (11067) is a different corridor story.
For NFT and crypto collectors, the policy cut is narrow and useful. A dated state blockchain buildout with DID and trade/finance hubs can move enterprise settlement and identity products that sit beside — not inside — open NFT bid books. It does not reopen OpenSea-style secondary tape on the mainland, does not green-light tokenized collectible speculation, and does not reverse the ban language secondary desks still cite for yuan-pegged stablecoins and RWA tokenization. Treat Friday’s plan as infrastructure scheduling with a 2030 checkpoint, not as a market-structure bill for retail NFT bids.
What changes for bids: Mainland NFT and crypto trading rules are unchanged by this plan — collectors should not price a China reopen. Watch ministry and regional implementation notices that name hub cities, DID pilots, and technical standards next; those are the documents that could eventually touch enterprise rails adjacent to Hong Kong licensed venues, not the CAC headline alone.
Bottom line: China’s cyberspace commission sets 2030 to basically finish a national blockchain network — backbone, hubs, DID — while the mainland crypto trading ban stays in place.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, legal, or trading advice. The NFT market is highly volatile, and past performance is not indicative of future results. Readers should conduct their own research and consult qualified professionals before making any decisions related to digital assets. The cover image for this article may have been created using artificial intelligence (AI).
