The Government-affiliated Investment Association of China (IAC) plans to create an “International Blockchain Investment Development Center” aimed at introducing industry standards and blockchain investment alliances and funds.
The IAC is a national social organization registered with the Ministry of Civil Affairs of the People’s Republic of China.
The center will be officially announced on March 18 and an international summit on Blockchain is scheduled for May 2018.
China seems to be more open to the development of all blockchain technology, respectively!
This is also supported by the fact that the Bank of China submitted a patent for a solution for blockchain technology systems in February 2018.