China may be embracing blockchain. However, the country is still not in favor of cryptocurrencies. The recent warning from the government confirms it.
Experts believe China is embracing blockchain because it has realized the potential. At the same time, it is quick to clarify that it would not allow cryptocurrencies to flourish.
Yes to blockchain-based smart cities
The Chinese government has recently made a series of announcements supporting blockchain. Besides, it produced 25 educational videos about crypto and its underlying technology. And also granted a $150 million fund for blockchain projects.
A big no to crypto
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