TELETRADER News
9/21/2017, 10:13 AM (Source: TeleTrader)
more TeleTrader news

China's Bitcoin execs fail to appear in Hong Kong

John McAfee, founder of McAfee Associates and chief executive of MGT Capital Investments, told participants at a Bitcoin event in Hong Kong that China's government forbade two major executives to come to the autonomous region, the Wall Street Journal reported on Thursday. The two-day conference has been moved to the city from Beijing due to the crackdown launched by the authorities against initial coin offerings and trading platforms.

Huobi's head Lin Li and chief of operations of OKCoin Justin Pan failed to show up and hold speeches, after McAfee's claim one day before. The news outlet added the authorities last week told high-ranking representatives of Bitcoin exchanges to stay in the capital and cooperate with regulators while the platforms are being dismantled.

The first cryptocurrency was 0.61% up at $3.895.9 at 10:09 am CET. Compared to the euro, it was 1.45% higher at 3,287, while slipping 0.88% to 24,830 Chinese yuan. Spinoff digital currency edged 0.71% lower to $474.52.

Breaking the News / IT