The Beijing Municipal government has released a 145-page blueprint in line with a plan to build a blockchain-programmable government within the next two years. This move will set Beijing to become a leading blockchain hub, a step that might get traction following the new Hong Kong laws that have since exposed entities within its jurisdiction to the risk of sanctions.
Notably, Beijing had already launched the "Beijing Blockchain Innovation Development Action Plan (2020-2022)," as the Chinese capital looks to take center stage in blockchain development.
Chinese are already much deeper in crypto than you could expect. Even their government acknowledges this.
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