Chinese Blockchain Center – the Idea Has Failed

The creation of the Chinese International Blockchain investment Development Center has been cancelled. China had previously banned the cryptocurrency and any related activities and phenomena in the country, but in this country, there were the most blockchain based patents filed.

The government was supporting the blockchain idea, even announced the launch of the Chinese International Blockchain Investment Development Center. But now, the center opening was delayed, or rather cancelled, due to legislative reasons.

The center was supposed to support the blockchain based projects in the country. The government has been announcing multiple times, that the blockchain technology offers new perspectives to Chinese economy and can be very profitable for the country economy.

What expects blockchain technology in China? This question is still open.

Add a Comment

Your email address will not be published. Required fields are marked *