Blockchain given vote of confidence in China

Although China has implemented regulations to ban technologies such as initial coin offerings and cryptocurrency exchanges, its support for blockchain ... was highlighted in the 13th Five-Year Plan for national development. — Reuters

China’s blockchain market is becoming more attractive than ever to foreign investors, with the industry receiving a significant boost from the central government.

Although China has implemented regulations in recent years to ban technologies such as initial coin offerings and cryptocurrency exchanges, its support for blockchain, as well as artificial intelligence, was highlighted in the 13th Five-Year Plan (2016-20) for national development.