China is embarking on a transformative journey toward Web3 technology and blockchain despite its strict cryptocurrency regulations. The Chinese government has recognized the potential of decentralized technologies and is actively promoting the development of blockchain, NFTs, and dApps. Governments Firm Stand on Blockchain Development China, renowned for its strict regulatory stance on cryptocurrencies, is now making a resolute commitment to developing and implementing blockchain technology. Sources reveal that the Chinese government is actively fostering a pro-Web3 environment, aiming...
source: https://tokenpost.com/Web3-Revolution-in-China-Government-Commits-to-Blockchain-Amidst-Crypto-Restrictions-10941
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