The blockchain sector in China has seen booming growth, despite strenuous efforts by Chinese regulators to suppress the cryptocurrency market since 2017. China’s blockchain market posted robust growth in 2022, with the Cyberspace Administration of China (CAC) seeing the total number of registered services hit 1,821, according to a report from the South China Morning Post. CAC’s data further indicates that the rate of certification of new blockchain services saw a marked acceleration towards the end of 2022. Chinese authorities have rigorously sought to suppress cryptocurrency trading since the end of 2017, when they first launched a ban on initial...