Chinese Police stop a major Blockchain event
A major blockchain event was held on Thursday in the Chinese city of Shanghai. However, to the surprise of all those attending the event, the Chinese Police intervened and brought it to an abrupt end. The reason for it still remains unclear.
The event named ‘2nd Global Fintech & Blockchain China Summit 2018’ was held in Shangai. It started at 8:30 a.m. local time. However, about halfway through the day, the Chinese police made an unexpected entrance and halted the event. The attendees were left in a state of confusion and had no idea what to do, and decided to hang around the premises.
The website says: “We aim to create a global network of entrepreneurs and developers in the fast-evolving blockchain economy, to explore the new business models and unrecognized opportunities in the blockchain world, We are fully convinced that this summit will empower the creation of the new technology-driven financial eco-system and reconfiguration of the future by the blockchain technology.”
The event was rather a prominent one, or at least, according to the information on the website. There were over 1000 attendees, out of which over 150 of them were high-profile guests who were personally invited. They mostly belonged to financial service companies from China as well as around the world. Also, over 50 media outlets were present during the event.
The event included product demonstrations from over 30 startups. Also, around 56 speakers were allotted slots for speeches, of which a majority were CEOs of various blockchain companies. An award ceremony was scheduled to take place during the latter part of the day.
According to certain rumours, it is said that the cops were informed that a fraudulent ICO project would be taking part in the event. However, the police claim that they had to halt the event due to ‘public security’!
The event organizer PTP International said: “We are still investigating the reasons for the halt, and so far the explanation offered by the police is due to security risk. We are working on a solution regarding how to make up for event attendees. The conference is in compliance with the regulation in China and does not feature any ICO roadshow.”
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