Report: Police Abruptly Halt Chinese Blockchain Conference In Shanghai

April 12, 2018 2:25 pm Published by

A one-day blockchain-themed conference in Shanghai was abruptly suspended by police Thursday as all attendees and organizers of the event were removed from the venue, CoinDesk reported.

The event, known as the Global Fintech & Blockchain China Summit 2018, was organized by PTP International and scheduled for Thursday, the report said.

However, the morning session of the conference was halted around midday local time Thursday when police broke up the gathering, the report said. In addition, the afternoon session was also cancelled.

The conference was slated to feature keynote speeches, panel discussions and exhibits from financial institution, government and cryptocurrency project, the summit’s website reported.

While an exact reason for the conference’s cancellation has not been released, CoinDesk reported, rumors online and on social media website Weibo claim investors reported the event to police because an initial coin offering project they had already invested in – and allegedly lost a large sum of money – was present.

However, in a statement released to the media, the event organizer denied the rumor and said the conference was complying with Chinese law.

In the statement, PTP International said: “We are still investigating the reasons of the halt, and so far the explanation offered by the police is due to security risk. We are working on a solution regarding how to make up for event attendees. The conference is in compliance with the regulation in China and does not feature any ICO roadshow.”

PTP plans to provide a media update at noon Friday (Shanghai time), the report said., Jack Durschlag

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