In the Free Trade Zone (FTA) in the Chinese province of Hainan, the so-called Free Blockchain Experiment Zone has appeared, according to the traditional Chinese news provider cnLedger.
Blockchain Trial Zone of Hainan, China. The establishment of the new zone will be encouraging, ambitious and revolutionary innovations based on blockchain, and cultivating this new industry worth hundreds of billions. https://t.co/lGLYt43tlX pic.twitter.com/kaNqzgY1BB
– cnLedger (@cnLedger) October 8, 2018
The purpose of creating such a zone is declared support for revolutionary blockchain-innovations and the cultivation of a multi-billion dollar industry.
It is also reported that the parent company of the Bitcoin exchange, Huobi, intends to move from Beijing to the FTA in Hainan Province.
China, China, China, China
– cnLedger (@cnLedger) October 8, 2018
Earlier, the authorities of the Chinese “city of the future” Xiong Yang turned to Ethereum-startup ConsenSys with a request to help with the use of the blockchain in the urban infrastructure.
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