China is rapidly catching up to the United States with regard to blockchain-related investments, according to a recent report put together by New York-based research firm CB Insights.
The researchers found that the East Asian country accounted for 22% of blockchain investments in 2019, compared to 31% for the U.S. This represents a significant improvement for China when compared to 2015, when it had a meager 2% while the U.S. was getting 51% of total funding.