Economy India is losing to China in the blockchain and digital assets market Updated : November 08, 2019 06:06 PM IST China is home to multiple blockchain protocols all of whom have their native cryptocurrency that incentivises people on the networks. Beijing has announced that it would accelerate blockchain development, passed a cryptography law, announced the initiation of process to develop a digital currency, and scrapped plans to ban mining. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.