TL;DR China WEB3 - Whitepaper

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China has released a roadmap for web3 development, investing 100 million yuan annually until 2025 in Beijing's Chaoyang district.

Recent signs, including a state-broadcasted Bitcoin segment, suggest a potential change in China's cryptocurrency policy.

The white paper's release interestingly coincides with new cryptocurrency regulations in Hong Kong, hinting at evolving regional dynamics.

China’s complicated relationship with the cryptocurrency industry has undergone a drastic twist. On May 27, Beijing’s municipal government showcased a white paper heralding a commitment to accelerating the web3 industry’s growth.