Chinese police have shut down The Global Fintech & Blockchain China Summit 2018 in Shanghai on Thursday, April 12. The reports from China list that the organizers (PTP International) may have invited a scam ICO to the conference but conference organizers deny this. We are very interested in finding out the official reason for the conference closure since blockchain and fintech are still legal operations in China. If there had been any promotion of ICOs to Chinese individuals at the event, this would definitely given reason for police action. ICOs and Bitcoin trading are still illegal in China.
More details on the blockchain conference can be found on their website. This was a very high profile and well organized event so we are surprised to see Chinese police suspend the event.
To learn more about Chinese policy and regulatory requirements toward blockchain and cryptocurrency, join us at our US China Blockchain and Digital Currency Conference in Los Angeles on August 22.