Global Fin-tech & Blockchain Summit in China was canceled yesterday. Why??

[moses_dw]

Global Fintech & Blockchain China Summit 2018 that was organized by PTP International was canceled. It is said that investors who invested in the ICO and lost a large amount of money reported the event to the police. It was so sad that such a big event that can benefit lots of people was closed without any prior notice. China's Movement about blockchain is getting more and more aggressive and some conference like this is very much needed to educate people.

Source: https://www.coindesk.com/police-abruptly-halt-chinese-blockchain-conference/

[cryptothief]

The markets didn't seem too fussed by it judging by the prices today, maybe they were half expecting it anyway? Jury is out on the reason why it was cancelled, apparently they're doing an announcement today, but sounds like someone with a bit of clout decided to take an investment loss personally. Shame because it looked like a well organised event. I feel sorry for any attendees and speakers that flew in from around the world at their own cost only to have it cancelled at the last minute, must be very frustrating (and expensive!). Guessing there'll be a few bars and restaurants having informal conferences for a couple of days.