State Taxation Administration: Encourages the use of technologies such as blockchain and privacy computing to legally and compliantly innovate the "bank-tax cooperation" model.

CoinFeed reported on April 5 that, according to the official WeChat account of Shanghai Taxation Bureau, the State Taxation Administration and the State Financial Supervision and Administration Bureau jointly issued the "Notice on Further Deepening and Standardizing the 'Bank-Tax Interaction' Work," which requires deepening the application of bank-tax data and encourages banks and tax authorities in various regions to use technologies such as blockchain and privacy computing to carry out innovation in the "Bank-Tax Interaction" model in accordance with laws and regulations.