“The Chinese government will utilize blockchain technology for social taxation and electronic invoice issuance matters.”
All in all, at a time when the Chinese government is pushing forward the development of the blockchain technology and industry, it’s no doubt a bold effort for the taxation authorities, one of the most important departments in the country, to experiment with using blockchain technology in social tax collection and electronic invoice issuance. While applauding the Chinese government’s efforts, we sincerely hope that this step will become a real breakthrough in the blockchain industry.
This is undoubtedly great news for NEO. This even started reflecting in NEOs value now, touching $10 after a while. What is your take on it.