Shanghai
Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China
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 Government Invests $5M in Blockchain Startup Conflux
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.

Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office
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.

Blockchain Startup Conflux to Get Shanghai Government Funding for Research Institute
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.

Little-Known Crypto Exchange With Ties to a Shanghai Firm Halts Services, Says CEO 'Missing'
IDAX says its unnamed "global CEO has gone missing" and asked customers to stop using its services.

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.

BTCC to Cease China Trading as Media Warns Closures Could Continue
China-based exchange BTCC has announced it will be closing its doors to domestic trading, while Shanghai media indicates a broader crackdown.

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.

10 Insurance Firms Test Blockchain for Insurance in China
A group of insurance companies has completed a new blockchain trial in China aiming to utilize the security and traceability features of the tech.

China's Biggest Blockchain Backer Launches Startup Accelerator
The venture arm of major Chinese conglomerate Wanxiang Group has launched a new blockchain startup accelerator
