вторник, 15 декабря 2020 г.

Chinese authorities have identified 25,000 blockchain companies trying to issue their cryptocurrencies Thousands of companies in China may have tried to issue their cryptocurrencies, CoinDesk writes, citing a report on illegal activities in the blockchain industry published by a government group led by the country's central bank.

Chinese authorities have identified 25,000 blockchain companies trying to issue their cryptocurrencies Thousands of companies in China may have tried to issue their cryptocurrencies, CoinDesk writes, citing a report on illegal activities in the blockchain industry published by a government group led by the country's central bank.

Chinese authorities have identified 25,000 blockchain companies trying to issue their cryptocurrencies

Thousands of companies in China may have tried to issue their cryptocurrencies, writes CoinDesk with a link on a report on illegal activities in the blockchain industry published by a government group led by the central bank countries.

About 70% or 25,000 blockchain companies in China may have tried to create and issue their own tokens, while only 4,000 firms are focused solely on blockchain, the president says. supported by the authorities non-profit organization "Beijing Blockchain Association" Yadong Zhu.

The most common token issuance process through ICO was declared illegal in China back in 2017. The ban also applies to marketing firms, providing services for promotion in the field of cryptocurrencies, as well as companies that falsely declare their affiliation to the blockchain industry in order to raise funds.

According to the report, more than half of Chinese blockchain companies are located in Guangdong, while the second most popular location is Shenzhen, followed by Beijing and Shanghai..

“We need to make sure blockchain companies that illegally raise funds and commit financial crimes are not included in government programs to support the blockchain,” Zhu added..
Chinese authorities have identified 25,000 blockchain companies trying to issue their cryptocurrencies Thousands of companies in China may have tried to issue their cryptocurrencies, CoinDesk writes, citing a report on illegal activities in the blockchain industry published by a government group led by the country's central bank.

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