Malaysia plans to build a large 835-acre blockchain city

According to Bitcoinnews, the Malaysian government plans to build a large blockchain project called the Straits of Malacca, which will need to raise $120 million in its early stages. The city will be built on more than 835 acres of land on the Malacca coast, supported by the Chinese government and China Construction Engineering Corporation. This blockchain city will not only be used for business and educational services, but will also be a major tourist attraction, with an estimated 3 million visitors a year. The Malaysian government has a high level of understanding of the encryption industry, and a series of recent regulations have also been designed to bring more transparency to the industry to increase investor trust.