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09 July 2020

China: Lawmaker Proposes Creation of a National Blockchain Fund

China: Lawmaker Proposes Creation of a National Blockchain Fund


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China’s blockchain adoption could go a step further with lawmakers looking at the creation of a national blockchain development fund.

According to Beijing News, Jieqing Tan of the National People’s Congress (NPC) — China’s legislative body — introduced a proposal for a national blockchain development fund during the annual “Two Sessions” meeting.

The planned blockchain development fund also comes at a time when South Korea, reportedly wary of China’s advancement in the field is looking to support local startups.

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