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27/11/19 05:48 UTC-5

In China, 25 thousand companies planned to issue cryptocurrencies

Cryptocurrency70% of Chinese companies tried to develop cryptocurrencies
70% of Chinese companies tried to develop cryptocurrencies

70% of China's blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
companies have attempted to develop and issue cryptocurrency. The information was revealed by the Central Bank of the country and the government group, as reported in the report on illegal activities nbd.com.cn.

 

Half of the companies are located in Guangdong

In China, regulators believe blockchain technology improves efficiency, reduces costs, and improves data security. But at the same time, it also brings serious leaks of confidential information.

Throughout the country, there are 25,000 blockchain companies. Of these, 4000 apply. The participants chose Guangdong Province as the main gathering place. In second place is Shenzhen, as the latest cryptocurrency news reports. 

President of the non-profit Beijing Blockchain Association organization, Yedong Zhu, emphasized the need to verify the absence of companies participating in government blockchain support programs. 2 years ago, the country banned the conduct of ICOs and the activities of companies in the field of cryptocurrencies.

Interesting in the section: Blockchain technology is able to preserve the world's animal population

See also: "In South Korea, cryptocurrencies have received the status of digital assets"

#China #blockchain #cryptocurrencies #regulation #CentralBankofChina

Editor: Daria Mukhina
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