China’s Ministry of Industry and Information Technology has announced it will publish a public ratings index of 28 cryptocurrencies.
The move is surprising, considering the country’s recent restrictions on the crypto market. Late last year, China forced all exchanges operating in the country to close their doors, effectively stopping domestic trading on all cryptocurrencies.
It also imposed a blanket ban on initial coin offerings.
According to the China Center for Information Industry Development, the list of confirmed coins for the cryptocurrency ratings index includes Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, Stellar, NEO, IOTA, Monero, Dash, NEM, Ethereum Classic, Lisk, Quantum, Nano, Verge, Zcash, Stratis, Decred, Komodo and Ark.
The ratings are expected to be published in a matter of days.
China is also creating a national standard for blockchain technology to give businesses a set of guidelines and best practices for creating distributed ledgers. The national standard will be released by the end of 2019.