Beijing sets up special fund as part of plan to become a blockchain hub by 2022

Beijing aims to become a hub for blockchain innovation over the next two years, integrating the city's economic development with the new technology. 

On June 18, the city's municipal government announced a new initiative dubbed the "Beijing Blockchain Innovation Development Action Plan (2020-2022)," in which it declares the capital of China's ambition to become one of the first cities in the nation to be fully integrated with blockchain applications.

Notably, the initiative also mentions that it will set up a special fund to invest in blockchain projects and support these projects to become publicly listed — all as part of a plan to grow Beijing into a blockchain hub. 

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