Breakdown of registered capital of blockchain enterprises in China 2021
In China in 2021, almost 44 thousand blockchain companies had a registered capital that fell in the 10 to 50 million yuan bracket. Despite the government's crackdown on the cryptocurrency industry, Chinese startups such as VeChain, NEO, Ontology, and Bytom continue to thrive, thanks to a favorable regulatory environment and support from incubators, accelerators, and venture capital firms.