Chinese congress reviews national blockchain fund bill

posted about 1 month ago
A bill to create a specialized national blockchain fund was submitted to China's congress during the annual 'Two Sessions'. Jieqing Tan, a deputy to the National People’s Congress (NPC) of China, proposed the creation of a specialized blockchain development fund to the NPC. The NPC is China’s most powerful legislative body; therefore, the possible acceptance of the proposal could be big news for China’s blockchain industry.

During the NPC’s annual “Two Sessions”, roughly 3,000 delegates from across the country meet to submit legislative proposals. These meetings have been ongoing since Friday, May 22nd.
Tags: blockchain, news