OKCoin will invest $140 million in China to boost blockchain adoption

The cryptocurrency and blockchain firm is all set to invest $140 million to boost the blockchain adoption in China. Chian has been at the forefront of blockchain adoption and is continuing to take the lead in this field.

OKCoin announced that it will set up an “Asia Pacific Innovation Center” in the Hainan province of China. The company aims to boost the blockchain ecosystem in China. Earlier, the president of China Xi Jinping endorsed the blockchain as he asked the country to seize the opportunity.


OKCoin joins hands with the Hainan government.

OKCoin has partnered up with the Hainan Free Trade Zone Digital Economy and Blockchain Forum for International Cooperation as a co-organizer. The group is focused on facilitating the innovation of blockchain technology and industry. It also focuses on the creation, liquidation, and trading of digital assets. The Asia Pacific Innovation Center will also include blockchain data research institutions, blockchain center, and an International blockchain innovation and entrepreneurship base.


China pushes for blockchain adoption.

China has been pushing for blockchain adoption quite rapidly while maintaining the firm stance on cryptocurrencies. Earlier, the People’s Bank of China announced to crack down on cryptocurrency-related businesses. The crackdown led many exchanges to shut down or stop providing services to local customers.

The founder of the OK Group, Star Xu, said that Hanian had established a solid foundation for innovation industries, and with the accelerated development of blockchain technology, they are delighted to achieve this cooperation.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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