China Gov’t-Linked Investment Org Plans Int’l Blockchain Center, Leaked Doc Says

The government-linked Investment Association of China (IAC) is planning to create an “International Blockchain Investment Development Center,” aimed at introducing industry standards and Blockchain investment alliances and funds, local news outlet The Paperreported March 14.

The IAC is a national social organization registered under the Ministry of Civil Affairs of the People’s Republic of China.

The Paper cites a photo posted online, apparently of a leaked government memorandum on the implementation of the “Thirteenth Five-Year-Plan” to develop innovation in Blockchain  technology. Liu Ren, the vice chairman of the China Investment Association as well as the chairman of its Foreign Capital Committee, confirmed the validity of the document to The Paper, citing Blockchain’s rise in popularity as the impetus for forming the center…

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