ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home General

25,000 Chinese Blockchain Companies Have Tried To Issue Tokens

New reports has come to light, showing that 89% of all blockchain firms in China, have made some effort to release their own crypto.

Tolu Ajiboye by Tolu Ajiboye
November 26, 2019
in General, News
0
blockchains
0
SHARES
53
VIEWS
Share on FacebookShare on Twitter

According to Beijing Blockchain Application Association President Yedong Zhu, 89% of all blockchain firms in China have tried at some point or the other, to produce and release their own digital tokens. The news comes as the blockchain and crypto space in the country have been making the rounds for a while now.

Zhu said that the 89% account for 25,000, adding that the remaining 4,000 have been strictly focused on blockchain applications.

Chinese authorities have also released a publication called the “Bluebook of Blockchain.” The publication was birthed by a collaboration of about 5 authorities and contains information about the sector in country. The bluebook specifically says for example, that while technology has done a great deal for the improvement of China’s financial atmosphere, it has also created a “black industry” which has facilitated internet fraud. The black industry is said to be responsible for fraudulent activity worth 110 billion Yuan, ($15.6 billion).

This blockchain bluebook is just one of three bluebooks released by the agency with the other two focused more on technology. The agencies include the People’s Bank of China (PBoC), the Beijing Blockchain Technology Application Association, the Chinese Academy of Social Sciences, the Social Sciences Literature Publishing House, and the China Payment and Clearing Association.

Ever since President Xi Jinping’s endorsement of blockchain technology, China has been in the news with many stories in the sector.

Image Credits: Pixabay

Tags: Beijing Blockchain Application AssociationBluebook of BlockchainChinese Academy of Social SciencesPBOCPeople's Bank of ChinaXi JinpingYedong Zhu
Previous Post

Formula 1 Blockchain Powered Game Set To Auction Digital Car Tokens

Next Post

Thailand To Amend Law To Boost Growth In Crypto Sector

Next Post
Crypto

Thailand To Amend Law To Boost Growth In Crypto Sector

Recent Stories

Ripple (XRP) Is Now the Fifth-Largest Cryptocurrency As Polkadot, Chainlink, AAVE Explode to Fresh Highs

Ripple (XRP) Is Now the Fifth-Largest Cryptocurrency As Polkadot, Chainlink, AAVE Explode to Fresh Highs

January 16, 2021
Cardano Price Analysis: Bulls Drive ADA/USD Price Past $0.37, Cardano Wants To Help Twitter Decentralize Social Media

Cardano Price Analysis: Bulls Drive ADA/USD Price Past $0.37, Cardano Wants To Help Twitter Decentralize Social Media

January 16, 2021
Is an Altseason Coming? Chainlink (LINK) Hits New Record Highs of $21.40, Polkadot & Cosmos (ATOM) Surge

Is an Altseason Coming? Chainlink (LINK) Hits New Record Highs of $21.40, Polkadot & Cosmos (ATOM) Surge

January 15, 2021
Quickly

Financial Advisor Introduces Petition for the UK Government to Ban Crypto Transactions

January 15, 2021
LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

January 15, 2021
Bitcoin

Bitcoin Falls Below $35k Despite the Unveiling of Biden’s $1.9 Trillion Stimulus

January 15, 2021
cryptocurrencies

The Impact Of Cryptocurrencies On The Global Marketplace

January 15, 2021
What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Trading

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Bitcoin

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 36,267.00 1.64%
  • ethereumEthereum (ETH) $ 1,237.03 5.34%
  • tetherTether (USDT) $ 1.00 0.04%
  • bitcoin-cashBitcoin Cash (BCH) $ 492.98 0.4%
  • binancecoinBinance Coin (BNB) $ 43.33 5.31%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree