Tuesday 5 November 2019
A porcelain and education business has attracted the suspicion of Chinese regulators after its stock recently boomed, CoinDesk reports. Guangdong Great Wall Group’s stock price rose for five consecutive days after Chinese President Xi Jinping encouraged civilians to embrace blockchain technology — and is now under investigation by the China Securities Regulatory Commission (CSRC). Founded in 1996, Great Wall Group started off as a creative porcelain business. However, its 2018 annual report, featured details about six blockchain projects. Investigators are keen to find out whether the company‘s blockchain drive is indeed genuine. “According to the Securities Law of the People’s Republic…
This story continues at The Next Web
