China to speed up blockchain development
While few developing countries are heading towards the crypto bans, the developed big giants are making some bigger crypto announcements daily. Now China is expecting and putting efforts to speed up the Blockchain development in the country. The efforts are considerable and they are precisely focussing on using the blockchain on greater levels.
The official document which has released says:
“To build a regional equity market in Guangdong, according to the opening up of the capital market, timely introduction of Hong Kong, Macao and international investment institutions to participate in transactions. We will vigorously develop financial technology and accelerate the research and application of blockchain and big data technologies under the premise of legal compliance.”
Also there are the considerable inputs to speed up the Crypto startups. This is evident from the high subsidies given to the companies.
According to the new policy, though still subject to further revisions, the industrial park plans to offer a maximum of 3 million yuan (roughly $490,000) as a resettlement allowance to qualifying individuals with high-level blockchain-based skills.
With China backing up the Blockchain, the people all over the world are getting a trust that the Crypto will not end them in loss
Comments
Post a Comment