Coindesk Logo

Another ICO Conference Cancels in Wake of China Ban

Another ICO Conference Cancels in Wake of China Ban

Another ICO Conference Cancels in Wake of China Ban

A second conference on blockchain-based fundraising has been cancelled following news that regulators in China have formally outlawed the use case.

A second conference on blockchain-based fundraising has been cancelled following news that regulators in China have formally outlawed the use case.

A second conference on blockchain-based fundraising has been cancelled following news that regulators in China have formally outlawed the use case.

AccessTimeIconSep 11, 2017, 2:00 PM
Updated Aug 18, 2021, 6:54 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

A conference expected to focus on token sales has been cancelled following news that regulators in China have formally outlawed the use case.

Organizers of the forthcoming Token Economy Summit, to be held in Shanghai later this week, confirmed to CoinDesk they will no longer be hosting the event. The summit, scheduled as a one-day session on September 17, was being organized by local cryptocurrency hedge fund and trading group Fintech Blockchain Group.

In statements, a representative for the conference cited the change in policy as reason for the cancellation, calling the event "too risky" in the current climate.

The news follows a September 2 report that the 2017 DACA International Blockchain Summit, organized by local interest group Decentralized Autonomous Coalition Asia, had been cancelled for similar concerns.

Styled after the New York-based Token Summit event, held this May, Token Economy Summit was said to be expecting more than 1,000 international and local guests for panels and workshops on initial coin offerings.

Flight cancellation image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.