President Xi of China's announcement that blockchain should be a strategic goal has accelerated leading European incubator Outlier Venture's expansion into China, as they invest in their first Chinese project, adding to the early indicators of a thawing of crypto winter. The announcement from President Xi Jinping, that blockchain should be a strategic goal for China, ahead of their state-backed digital currency sent all of the 100+ blockchain related equities on the mainland surge, hitting the 10 day increase limit and seeing a 'China premium' of 30+ added to all related assets. China are 'imminently' to launch the DCEP — the Digital Currency Electronic Payment — as a domestic stablecoin, fully backed l-l to the Chinese renminbi and provinces have begun to offer finance and support for blockchain projects.
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