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OKCoin exchange's operator to invest $140M in China for blockchain adoption
OK Group, the operator of cryptocurrency exchange OKCoin, is set to invest $140 million in China to facilitate blockchain adoption. The group will set up an “Asia Pacific Innovation Center” in the Hainan province of China with the investment, according to an announcement shared with The Block on Sunday. OK Group plans to work with the Hainan government to boost the blockchain ecosystem in China. “Hainan has established the solid foundation for innovation industries, and with the [accelerated] development of blockchain technology, OK Group is really glad to achieve this cooperation,” said Star Xu, founder of ... (full story)