Published on September 18th, 2017 | by bitcoin0
Major Bitcoin Conference Moves as China Cracks Down
A major bitcoin conference has suddenly jumped from China’s capital to Hong Kong — which has greater freedoms than Beijing — in the face of a Chinese government crackdown on cryptocurrencies.
The conference was then quickly rescheduled to begin Sept. 20 in Hong Kong.
China has displayed much greater mistrust of cryptocurrencies — computer-generated assets that aren’t tied to government authority — than other countries.
BitKan responded to that ruling on “initial coin offerings” (ICOs) in explaining its decision to move the conference.
Domestic financial media outlet Yicai Global reported that China plans to shutter all bitcoin exchanges by month’s end.