Chinese Authorities Encourage the Use of Blockchain for Bank and Tax Data Integration

On the 2nd, the State Taxation Administration and the National Financial Regulatory Administration issued a joint notice titled 'Further Deepening and Standardization of Bank-Tax Interaction Business' (Tax General Payment Service Issue [2026] No. 19). The notice, addressed to tax bureaus in each province, autonomous region, and municipality directly under the Central Government, as well as major joint-stock banks, aims to improve the lending environment for private and small-to-medium enterprises (SMEs). The notice encourages local bank and tax authorities to legally utilize technologies such as blockchain and privacy computing...