Crypto Short News

The Xi Effect: China to Invest $2 Billion On Blockchain by 2023

China is the country that has garnered a lot of crypto media attention. President Xi spoke about Blockchain Adoption in the country, the Chinese Government is actively participating in the implementation of Blockchain. According to a report by IDC, the Chinese Government will invest $2 billion on Blockchain technology. The report further claims that the country’s expenditure growth rate will increase by 65.7% from 2019 to 2023. 

Advertisement Advertisement

“The official recognition will further push the applications of blockchain technology and power fast spending growth in the sector,” said Xue Yu, a researcher with the IDC.

Tags
Show More

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close