According to PANews on June 10, Jack Kong (Kong Jianping), founder of Nano Labs, said in a post that Zhejiang and Hangzhou have not taken any special actions against blockchain industry practitioners. He recently met with key leaders in Hangzhou and found that the local sensitivity to the blockchain and cryptocurrency industries has decreased. He also confirmed with the public security department that there have been no relevant actions, and individual cases may be related to anti-fraud work. Jack Kong believes that Hangzhou is one of the most open and inclusive cities in China, and suggests that entrepreneurs with concerns can choose Hangzhou-Hong Kong Technology Building as a foothold for the Web3 industry.

Earlier community news said that Hangzhou police are systematically investigating cryptocurrency practitioners.