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   754

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


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.

Authorities to Study Bankrupt QuadrigaCX

Canada Revenue Agency sent a request for access to the tax info from Oct. 1 2015 to Sep. 30, 2018
18 September 2019   43

The Canadian Revenue Agency (CRA) intends to examine corporate declarations that ceased to exist as a result of the bankruptcy of the QuadrigaCX bitcoin exchange, The Globe and Mail reports.

CRA sent a request for access to the tax reporting of the exchange from October 1, 2015 to September 30, 2018, that is, on the date when QuadrigaCX tentatively began problems with the withdrawal of funds.

The E&Y auditor, acting as the trustee of the exchange, intends to discuss the tax request and obtain permission from the court to disclose information.

At the same time, the company noted that one way or another they are forced to comply with the CRA requirements, although this will take a lot of time and delay the payment of compensation to victims.

At the beginning of the year it became known that QuadrigaCX lost access to user funds by $ 190 million, and somewhat later, Indian authorities confirmed the death of the founder of the exchange, Gerald Cotten.