Other top news: Ant Group debuts blockchain platform for cross-border trade. China makes Beijing, Hunan and Anhui into special free trade zones.

Chinese authorities may be looking to build their own DeFi network, smart contracts, cryptos and all. The catch? It is tightly controlled.

Find out more about the changing world of DeFi and how China aims to expand its role in the field by watching the full video interview with Finxflo CEO James Gillingham and Forkast.News Editor-in-Chief Angie Lau.

More top news: China’s nationwide blockchain service network launches ‘public permissioned’ chain. Fintech investments in Singapore.

Konstantin Richter, CEO of Blockdaemon explains how blockchain adoption will succeed if more institutions are brought in the fold.

More top news: OKLink offers free cryptocurrency tracker. Trade fair in China introduces blockchain to 20,000 companies.

Using smart contracts to manage companies' interoperations in space could be the future of governance in space, according to Brian Israel, lecturer at UC Berkeley Law.

Decentralized finance may have toppled ICOs in terms of popularity within the crypto industry, but gas issues are a challenge: Alchemy CEO Nikil Viswanathan.

In other news: public gets sneak peek at China’s DCEP in flash testing. US-China trade war threatens SMIC and bitcoin mining.

Permissionless blockchain protocol Conflux "isn't concerned" about bans on crypto in China, works with government to experiment with DeFi.

Listen to Conflux global managing director Eden Dhaliwal as he shares the details on Conflux's new Open DeFi consortium.

Proof of Work blockchains like ETC have been attacked by hackers numerous times, but ETC Labs CEO Terry Culver says the fight's not over.