Chinese City Offers Rent Subsidies, Cash Rewards to Blockchain Businesses

Cointelegraph

Published Jun 11, 2019 02:21PM ET

Updated Jun 11, 2019 03:02PM ET

Chinese City Offers Rent Subsidies, Cash Rewards to Blockchain Businesses

Fuzhou, China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry’s growth, the state-run People’s Daily reported on June 11.

The incentive is part of three measures designed to help the sector, and will enable companies to receive up to 600,000 yuan ($86,800) in relief on rent bills per year for three years.

Continue Reading on Coin Telegraph