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

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.Beijing Chaoyang release a file to ban o