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Government
$1 Billion Chinese Blockchain Fund Denies Report of Government Pull-Out
A major Chinese blockchain fund launched in April has denied a report that the local government will withdraw its financial support.

South Korea Plans Tax Perks for Blockchain Startups
South Korea is planning to cut tax for companies developing nascent technologies such as blockchain as part of its push for innovation growth.

US Government Backs Decentralized Energy Grid With $1 Million Grant
A blockchain-focused solar power startup based in Colorado has received a grant of nearly $1 million from the U.S. Department of Energy.

Florida Is Creating Its Own Crypto Czar
Florida's chief financial officer has created a new "crypto czar" to oversee regulation of the cryptocurrency and ICO space.

Factom Blockchain Project Wins Grant to Protect US Border Patrol Data
The Department of Homeland Security has awarded a grant to blockchain project Factom for live testing a platform for securing camera and sensor data.

Chinese City Causes Confusion with Digital Asset Exchange Proposal
A city government in China is mulling the creation of a "blockchain digital asset exchange," but no one is quite sure what it means.

China's President Endorses Blockchain as Economic 'Breakthrough'
Chinese president Xi Jinping acknowledged the potential of blockchain in a speech this week, endorsing the nascent tech for the first time.

China Poised to Form Blockchain Standards Committee This Year
China expects to form its national blockchain standards committee by the end of 2018, according to an IT ministry official.

UK 'Cryptoassets' Task Force Plots Path Forward at First Meeting
The U.K.’s new Cryptoassets Taskforce has taken the first step on its mission to "develop thinking and policy" around blockchain and cryptocurrency.

Seoul Mayor Pledges Blockchain Boost in Re-Election Push
Seoul mayor Park Won-soon is pledging to focus on blockchain innovation as part of his campaign pitch for potential re-election this year.
