25,000 Blockchain Firms in China Tried to Issue Cryptos, Senior Official Claims

Approximately 89 percent of blockchain firms in China – some 25,000 – might have tried to create and issue their own tokens, while only 4,000 are fully focused on blockchain applications, Yedong Zhu, president of the government-backed nonprofit Beijing Blockchain Application Association, said in an interview with Chinese state media CCTV at the report’s launch.