After Chinese President Jinping’s blockchain endorsement last month, interest and involvement have surged in China. China’s expected $2 billion blockchain investments indicate a 65% growth rate per year. According to a report, China is all set to increase its blockchain investments that are expected to surpass $2 billion by 2023. The number implies a compounding growth rate of over 65% a year. This news comes as no surprise as the interest in China has surged after President Xi’s blockchain endorsement a few weeks earlier. The global market intelligence company (IDC) published a report indicating China’s take on blockchain-based companies will increase significantly in the upcoming years. In 2019, however, China is mainly focusing on the banking sector for its blockchain endeavors. In 2017, China banned crypto trading, leading to some serious changes like Binance having to relocate from China to Malta. All this seems to have changed last month after the President talked about Chinese interest and involvement towards blockchain. Chinese President Xi Jinping said: We must increase investments in the blockchain sector, resolve critical technical problems, and accelerate the development of blockchain and industrial innovations. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD technical analysis: Euro rolling into the Asian session near one-month lows FX Street 3 years After Chinese President Jinping's blockchain endorsement last month, interest and involvement have surged in China. China's expected $2 billion blockchain investments indicate a 65% growth rate per year. According to a report, China is all set to increase its blockchain investments that are expected to surpass $2 billion by 2023. The number implies a compounding growth rate of over 65% a year. This news comes as no surprise as the interest in China has surged after President Xi's blockchain endorsement a few weeks earlier. The global market intelligence company (IDC) published a report indicating China's take on blockchain-based companies will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.