China Bans All Crypto Events After Spending $3 Billion to Fund Blockchain Startups

Blockchain News from Around the World
User avatar
howlermunkey
Site Admin
Contact:
Location: East Coast
Posts: 1194
Joined: Tue Feb 20, 2018 12:04 pm

China Bans All Crypto Events After Spending $3 Billion to Fund Blockchain Startups

Wed Aug 22, 2018 2:52 pm

The Chinese government has banned all commercial crypto and blockchain-related events in the region, after encouraging local financial authorities to speed up the development of blockchain technology.

Red Li, the co-founder of 8BTC and Chinese cryptocurrency researcher, shared a document released by the Chaoyang District government in Beijing, which ordered local financial authorities and police to ban offices and hotels from hosting crypto-related events.


https://www.newsbtc.com/2018/08/22/chin ... -startups/

Return to “In The News”