After the endorsement of the Blockchain Technology by the Country Leader Xi Jinping that wake up the country to run and adopt the tech, more than 28000 Blockchain Companies was registered and now in a recent Interview to a Local community leader was reported that 89%,about 25000 Blockchain Companies, tried to create their own tokens.

There are almost 28000 Blockchain companies registered in China that only 4000 companies are using the Blockchain to Develop DApps and the other 25000 tried to build and run their own Cryptocurrency. 

In the interview to the Blockchain Community Leader Conducted by the State TV He confirmed that 89% of those Blockchain Companies tried to create and run their own Cryptocurrency. The Blockchain adoption in China is ongoing but the Cryptocurrency is not allowed  in the Country.

The Theme is " Blockchain yes and Bitcoin No" and since the adoption of Blockchain the authorities of the Country intensified and approved new regulations efforts to forbidden the Crypto In the Country.

The controversal character of the Chinese Government is something to note about the crypto,days back they even said that bitcoin was the first sucessfull case running in the Blockchain....In a recent brief to the Country the President Xi Jinping called Cryptocurrency a Financial Fraud despite not mentioning BTC but this dual and controversal declaration are not understandable!!

(mining is still accepted in the country and also holding crypto).