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China’s Congress Proposes Blockchain Development Fund

CryptocurrencyMay 24, 2020 06:00PM ET
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China’s Congress Proposes Blockchain Development Fund

National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions. These are widely referred to as the "Two Sessions" or "lianghui" meetings. These meetings have been ongoing since May 22.

The National People’s Congress, or NPC, is China's top legislative body. Nearly 3,000 delegates from around the country meet once a year to submit proposals during the meetings. According to a Beijing News’ report on May 23, Jieqing Tan, deputy to the NPC, suggested setting up a special fund for blockchain industry development. If accepted, this fund would be led by the government.

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China’s Congress Proposes Blockchain Development Fund
 

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Di Did
Di Did May 24, 2020 9:27PM ET
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Communist Party is no good
 
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