Shanghai Stock Exchange: New Regulation ‘Crucial’ to Clear Way for DLT
Shanghai Stock Exchange sees potential for DLT in the securities market, but says the lack of a regulatory framework is a hurdle to be addressed.
The Shanghai government has invested over $5 million in Conflux while putting the project on a list of 57 companies that focus on emerging technologies.
Former NEO general manager Zhao Chen joins Hong Kong-based venture capital firm CMCC Global to lead blockchain equity investments in mainland China at a new Shanghai office.
The company told CoinDesk that even though ICOs and fiat-to-crypto trading are not allowed in China, crypto-to-crypto trading is not banned.
Shanghai will open a blockchain research center by the end of December with substantial investment, even as China’s government continues to crack down on crypto-related businesses.
IDAX says its unnamed "global CEO has gone missing" and asked customers to stop using its services.