According to regional reports from China, a village located within the Wenzhou, Zhejiang region called Yuedong has been gathering attention due to its receptiveness toward cryptocurrencies and blockchain technology. In consonance with social media posts on Weibo, roughly 60 percent of the residents in Yuedong know about cryptocurrencies and many of the villagers have invested as well.
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Wenzhou’s ‘Blockchain Industrial Village’
The mountain village of Yuedong is now known for its friendliness toward digital currencies. On March 7, people shared pictures of the hamlet, which local residents have dubbed the “blockchain industrial village,” on Weibo. Local columnist lylian Teng also confirmed the story and spoke with a villager, surnamed Lin, residing there. Lin explained that Yuedong has recently become very popular and receives a lot of crypto visitors. The report added that a majority of the Yuedong villagers embrace…