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China Releases Cryptocurrency Grades: Ethereum 1st and Bitcoin 13th

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The China government produced its public Blockchain and cryptocurrency ratings May 17, placing Ethereum top of the list of 28 cryptocurrencies under inspection.

China’s Ministry of Industry and Information Technology has released its official cryptocurrency ratings. The “domestic experts” awarded Ethereum 1st and Bitcoin 13th out of 28 places May 17.

As online cryptocurrency news account cnLedger reports quoting local media outlet China Electronics News (CEN), the Chinese government’s top five cryptocurrencies begin with Ethereum, followed by Steem, Lisk, NEO and Komodo.

Ethereum scored highly across all three. Conversely, Bitcoin appeared lacking in the “technology” and “application” fields, despite beating every other crypto asset in “innovation.” The results may be set to frustrate certain members of cryptocurrency industry as China’s experts ranked Bitcoin in thirteenth place.

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