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Guangzhou injects $140M into blockchain projects subsidy—but no tokens

Guangzhou injects $140M into blockchain projects subsidy-but no tokens – CoinGeek

The government of Guangzhou is planning to provide at least $140 million in a subsidy fund geared towards encouraging the development of blockchain technology and platforms. Guangzhou, a port city on mainland China, has been seeking to attract capital to their region, and believes that implementing measures for accelerating the blockchain industry will help them to accomplish this goal, Chinese news outlet Caijing reported.