Beijing Financial Authority: STO is an illegal activity
The director of Beijing Municipal Bureau of Financial Work has warned that STO is illegal in Beijing. The State Information Center also responded that domestic and local STO are both illegal. However, STO training and academic activities are acceptable.
Thai SEC Warns Against 14 Unauthorized Operators
Only 7 crypto operators are allowed in Thailand. After the warning, some websites removed their crypto offerings.
Japanese Regulator Plans to Regulate ICO Based on Security and Crowdfunding Regulations
Instead of banning ICO, Japanese financial regulator is planning on regulate ICO by referencing security issuance and crowdfunding regulations.
Shanghai Government Signed Deal with Baidu on AI and IOT Development
Chinese government loves working with tech giants. Last Tuesday, Baidu signed a memorandum with Shanghai government to set up Baidu Innovation Center. The center is to help develop Shanghai into a smart city.
Shenzhen Blockchain Industry Alliance is Established
Tencent is the chair of the alliance (obviously). The alliance is formed under the support of Shenzhen government. It is estimated there are over 1000 blockchain companies in Shenzhen.
