China is known to have banned crypto-related transactions, however, it is reported to have developed a soft spot for blockchain with VeChain making a huge presence within the region.
VeChain has over the years established a partnership agreement with Chinese-based companies including Walmart China and China Animal Health and Food Safety Alliance (CAFA).
VeChain’s presence in China is undoubtedly one of the most interesting achievements in the blockchain industry considering the position of the Chinese Communist Party (CCP) on crypto. It can be recalled that China issued a crypto ban a couple of years ago, prohibiting financial institutions from processing related transactions to individuals.
However, it has found common ground with VeChain as its office is located in Shanghai, China. Many reports suggest that China has always been clear on its stance on blockchain, as it has severally advocated for the adoption of blockchain technology across different industries.
On February 1
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