Blockchain Policy Development in China Concentrated in Three Cities
One third of national blockchain-related policies in China have been made in three areas: Beijing, Shanghai and Guangzhou.
Beijing, Shanghai and Guangzhou — or BeiShangGuang — has become the most concentrated area of relevant blockchain legislation and policy in China, reports local finance publication Securities Daily Dec. 7.
The Chinese securities newspaper has analyzed blockchain-related policies introduced throughout the country in the recent years, and concluded that there are 32 blockchain-related policies within the country. Meanwhile, 11 projects are concentrated in three areas: Beijing , Shanghai and Guangzhou. The publications states:
“Blockchain technology [is aimed] to serve the real economy, focusing on the balance between innovation, regulation and security, and clarifying the bottom line of financial stability and information security.”
China has adopted a split policy toward…
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