China Steps Up Web3 Innovation Development, Releases Whitepaper

China Steps Up Web3 Innovation Development, Releases Whitepaper

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The leading Asian economy still keeps its distance from crypto but open arms for blockchain and Web3.
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Web3 is the rising tech anticipated to serve billions of users in the coming years.
China is taking steps towards Web3 industry development in the region. Recently it was reported that Beijing released a whitepaper seeking the promotion of innovation and development of Web3. The release took place in the forum organized at the country’s Silicon Valley, Zhongguancun. 
A local media outlet, The Paper, reported the Beijing Municipal Science and Technology Commission released the “Web3 Innovation and Development White Paper (2023).” …
 

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