Beijing’s blockchain supremacy plan gives shot in arm to start-ups, although dampers remain on bitcoin

June 10, 2021

Beijing’s latest plan to build China into a world leader in blockchain technology has given the country’s start-ups a much-needed shot in the arm, boosting a wide array of applications and industries, apart from bitcoin, industry insiders and investors say. China’s Ministry of Industry and Information Technology (MIIT) and Cyberspace Administration of China (CAC) published a plan this week to create an “advanced blockchain industrial system” and cultivate globally competitive national blockchain champions by establishing industrial standards, tax incentives and intellectual property protections.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.



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