The National Development and Reform Commission will be guiding the Investment Association of China (IAC) in a project of building up an“international blockchain investment development center.”
The commission is also going “to introduce industry standards and norms in the future” such as “investment alliances and investment funds”, reported The Paper
The news at first came from a document that was circulating on the Internet. The document also explained that this project comes from the growing popularity of cryptocurrency in China.
The document explains that the International Blockchain Investment and Development Center’s work consist “to fully link domestic and international blockchain resources, invest in high-quality projects in China’s blockchain industry, provide consulting services for foreign investment and financing blockchains, and organize Related seminars and international blockchain summit forum,” stated The Paper.