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In the Chinese province of Hainan, the Free Blockchain Experiment Zone has appeared



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.

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.

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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