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China’s ambiguous cryptocurrency regulations are driving startups overseas, according to 500 Startups partner Edith Yeung.

Yeung — head of greater China at the global venture capital seed fund— spoke to TechNode on Nov. 20 at TechCrunch Shenzhen 2018. She said that China is “one of the hardest places” to launch new blockchain projects.

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Cassidy McDonald

Cassidy McDonald is a Beijing-based multimedia journalist who covers technology's effect on Chinese society. She tweets at @CMcD123.