Blockchain conference in Shanghai was interrupted by the police

Shanghai police on Thursday suddenly interrupted and shut down held in the blockchain conference.

A one-day event called Global Fintech & Blockchain 2018 China Summit, organized by the PTP International, was scheduled for April 12. But on Thursday, around noon local time on the morning session of the conference was stopped by the police, all participants and visitors of the conference had to leave the venue. The afternoon session of the event was also cancelled.

«The summit was officially opened, managed to speak a few speakers, and suddenly entered the room the man in uniform, with a loudspeaker, and the Chinese announced: «Please leave the room and take all personal belongings,» — says the Advisor to the International Secretary-IDACB Yulia Khrenova. «Local and calmly headed for the exit. Questions nobody asked. But the foreigners completely did not understand and even tried to rebel.»

Because of legislative bans on the holding of ICO, the Chinese authorities regularly undertake special measures for the control of thematic events. But the Shanghai summit interrupted, not even looking at what he was agreed with the authorities.

The technology of the blockchain is recognized as China’s legitimate. But still under the close supervision of regulatory authorities of the country. In particular, therefore, according to the organizers, they had to make the title of the summit so long, and the first place to put the word «Fintech» and not «the Blockchain».

According to the event website, the summit was planned performances of several key speakers, panel discussions and exhibition, which was supposed to participate, financial institutions, governmental and cryptocurrency projects.

The official reason for the cancellation of the event was not announced, which gave rise to rumors quickly began to spread in the online media
in social network Weibo. They reported that the investors told the police about the presence at the event representatives of the ICO project, in which they have invested and presumably lost a large amount of money.

However, in a statement to the media summit organizers have denied the rumors and said that the conference was carried out in compliance with Chinese laws. PTP International said:

«We continue to find out reasons for the termination of the event, and has received from the police explanation that this was due to a security threat. Now we are thinking of how to compensate participants. The conference was conducted in compliance with the laws of China and it hasn’t participated in ICO projects.»

Later, the company representative also noted that the firm is waiting for more information from the police.

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