China Reviews Blockchain Development Fund

[mlawson71]

In the midst of the pandemic China has been developing ideas to create its own blockchain development fund. The idea was apparently first proposed by deputy of China’s legislative body called National People’s Congress (NPC).
The deputy, named Jieqing Tan, said that the main purpose of such a fund would be to support blockchain innovation in the country as well as to develop existing ones.
While Tan said that the use of blockchain could modernize the government process, it would also face difficulties due to the small number of enterprises, the local currency, and that there is a lack of talent and information.
Source
Whatever crypto exchanges are allowed to operate in the country won't be quite the same as everywhere else, it looks like.