[China's State Taxation Administration: Encouraging regions to utilize blockchain, privacy computing, and other technologies to innovate the 'Bank-Tax Interaction' model] BlockBeats News, April 5 — Recently, China's State Taxation Administration and the National Financial Regulatory Administration jointly issued the 'Notice on Further Deepening and Standardizing the Work of "Bank-Tax Interaction",' which emphasizes the need to deepen the application of bank-tax data. It calls for standardizing the content and methods of providing bank-tax data and further addressing the issue of information asymmetry between banks, tax authorities, and enterprises. Regions are encouraged to lawfully and compliantly utilize blockchain, privacy computing, and other technologies to innovate the 'Bank-Tax Interaction' model. Banks are urged to continuously optimize credit services, increase financing support for enterprises with good tax compliance, and simultaneously monitor the effectiveness of the 'Bank-Tax Interaction' loan model to enhance risk management capabilities.