Chinese Blockchain Event to be Called for Boycott

Bo'Ao Blockchain Forum for Asia is called for boycott due to Mao Zedung image usage
28 May 2018   587

Chinese crypto-currency companies have called for a boycott of the blockchain conference that is taking place these days, after its organizers decided to use the image of Mao Zedong to promote their event, CoinDesk reports.

The two-day event Bo'Ao Blockchain Forum for Asia, held by the Chinese cryptocurrency media company BiKuai, was launched in Hainan this Monday according to the schedule.

A few hours after the beginning of the conference, a video was distributed in Chinese social networks Weibo and WeChat, where the actor hired by the organizers portrayed the most popular leader of the country, Mao Zedong.

In the name of Mao Zedong, I'd like to say thank you to all the attendees today ... And I wish the event will be tremendously successful.
 

Xu Guoxiang

Actor

The video quickly spread across social networks, although numerous publications and reposts have already been blocked by the authorities.

Several Chinese blockchain media companies, including BTC123 and Jinse Finance, who attended the conference this morning, immediately raised the issue of the legality of such actions by the organizers. They also called for boycotting the coverage of the event, so as not to incur the wrath of the authorities because of the use of the image of Mao.

In 2007, the Chinese Ministry of Commerce issued a decree prohibiting the use of associations with top-level leaders in business. Criticized, the organizer of the event BiKuai published a statement in which he suggested that the problem was caused by a lack of communication with the actor before the performance.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.