# States Build Permissioned Ledgers Without Open Crypto

Major states will keep adopting blockchain as permissioned, surveilled state infrastructure for data, trade and finance while restricting open public-chain assets, which separates the technology's institutional growth from crypto-asset demand.

- Conviction: 38 / 100 (weakening)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-10-11T00:00:00.000Z
- Last updated: 2026-10-12T14:07:13.213Z
- Canonical: https://polylog.news/crypto/trends/state-permissioned-ledgers
- Publisher: Polylog
- Affected regions: China, Europe

## Recent score history

- 2026-10-11: 40
- 2026-10-12: 38

## Recent evidence

- [confirms] China Orders a National Blockchain Network and an Integrated Computing-Power Grid (2026-10-11): China issued a 19-measure document ordering a national blockchain network and an integrated computing-power grid. It treats distributed ledgers as state infrastructure for manufacturing, banking and data sharing. Meanwhile Hong Kong warned unlicensed payment platforms it will take enforcement action. Together these show a major state building permissioned ledgers while tightening control over open crypto payments.