ICO Conference Cancels Due To The China Ban

ICO Conference Cancels Due To The China Ban

Token Economy Summit was supposed to be held in Shanghai but the event is cancelled. The summit was planned as a one-day session to be held on September 17.

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A conference that was scheduled to discuss token sales was reportedly cancelled following the Chinese ban on ICOs (initial coin offerings).

CoinDesk (coindesk.com) reported recently that organizers of the Token Economy Summit that was supposed to be held in Shanghai said that the event is cancelled. The summit was planned as a one-day session to be held on September 17. The organizers behind the event are a local cryptocurrency hedge fund and trading group Fintech Blockchain Group.

The online media quoted statements, where a representatative commented that the recent change in the country`s policy was the main reason for the cancellation of the event. He called the conference “too risky” in the present exosystem.

Recently, the Chinese media reported that the 2017 DACA International Blockchain Summit had been cancelled due to similar concerns. The conference was organized by local interest group Decentralized Autonomous Coalition Asia.

The Token Economy Summit claimed they expected more than 1,000 international and local guests who were to take part in panels and workshops about initial coin offerings, as CoinDesk pointed out.

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