The People’s Bank of China said last year that about 90 per cent of ICOs launched in mainland China were fraudulent. With the release of a white paper, the Ministry of Industry and Information Technology wants to move away from the ‘fluff’ in the blockchain industry, and speed up the use of this technology in more mainstream sectors. Photo: Simon Song

China must lead on blockchain, chief executive of US-listed company tells Beijing conference

There will be a ‘main blockchain that dominates the market’, meet supported by China’s Ministry of Industry and Information Technology hears

Topic |   Blockchain

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The People’s Bank of China said last year that about 90 per cent of ICOs launched in mainland China were fraudulent. With the release of a white paper, the Ministry of Industry and Information Technology wants to move away from the ‘fluff’ in the blockchain industry, and speed up the use of this technology in more mainstream sectors. Photo: Simon Song
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