rtmark
LearnBonds.com

Chinese City Guangzhou Now Providing Grants to Blockchain Projects

China stock market

The Chinese city of Guangzhou is looking to provide to blockchain projects. It’s focusing specifically on public blockchain projects that don’t have an associated cryptocurrency token.

According to a document published by the region, they will contribute to two projects a year. Any public project without a partnered asset will be able to receive $1.4 million or 10 million yuan. However, a consortium-based project such as Facebook’s Libra would instead receive around $425,000 or 3 million yuan. This is otherwise noted as 50% of the amount that’s required for “research and development.”

This news was discovered by Dovey Wan, the co-founder of Primitive Ventures, and broken via Twitter:

Granting development of blockchain technology

On top of this, the page notes that the city government will pick 20 service companies utilizing blockchain to give grants to as well. That and there will be money put into educational programs at universities that are related to blockchain.

Of course, this news comes to us shortly after the Chinese President, Xi Jinping, came out as a fan of blockchain and promoted its valuable use cases. Now, the country is planning to go all-in on the technology after he urged companies to do whatever they can to adopt it.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/