Chinese blockchain is booming, but can the industry survive government support?

Chinese blockchain is booming, but can the industry survive government support?

Much like its anti-corruption campaign, China’s crypto crackdown is relentless. Beijing views decentralized digital currency as a conduit for money laundering and capital flight. In contrast, Beijing sees crypto’s underlying blockchain technology as useful. Blockchain can help China boost its tech prowess, improve supply-chain integrity, and surmount bottlenecks across many industries, particularly financial services.