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🚨 CRYPTO: CHINA'S TAX AND FINANCIAL REGULATORS URGE BANKS TO ADOPT BLOCKCHAIN FOR LENDING SERVICESChina's State Administration of Taxation and National Financial Regulatory Administration issued a joint directive urging banks and local authorities to use blockchain and privacy computing to upgrade "bank-tax interaction" data sharing and expand financing for small businesses.The policy aims to reduce information asymmetry between tax authorities, banks, and enterprises while improving credit models and appro ...