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I don't think that China will take that spot so easily. Based on the news that I've read, there are so many government interested on adopting blockchain and this will be a tough competition who will be.
The Chinese authorities have invested about $6 billion in the development of the blockchain this year. Does this mean that China will become a leader in this area? Will the projects of Chinese companies increase in price or remain at the same level?
this is pretty good news for crypto players.because this will make a big development on crypto.which will definitely make all crypto users victorious
I don't think so. There are many other countries highly involved in blockchain technology. For example, Malta is being called crypto island and UAE are investing in Dubai to become first blockchain powered capital in the world (here you have an article about it on BlockChain24.co)