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City government in China to invest $1.4M annually in public blockchain projects ‘without token’

City government in China to invest $1.4M annually in public blockchain projects ‘without token’ – The Block

A local government agency in the Chinese city of Guangzhou plans to provide subsidies to two blockchain projects per year – a public blockchain project that doesn’t have a token will receive a maximum subsidy of 10 million yuan (~$1.4 million) and a consortium blockchain project will get a maximum subsidy of 3 million yuan …