The be wrecked of one of the largest cryptocurrency businesses in China appears willing to work various closely with the government.
In comments that first emerged in an all-staff missive group on WeChat, Star Xu, the founder of exchange services provider OKCoin, consult oned a press conference Friday in which the governor of People’s Bank of China (PBoC) addressed a number of financial issues including cryptocurrency.
A screen capture of the group gab further shows that Xu told the staff he had also briefed the outback’s central bank on OKCoin’s overseas expansion plan, its research on blockchain condition and notably, a commitment that the firm is “prepared to donate it to the country anytime in the prospective.”
The lack of clarity inherent in the remark has since drawn speculation on Chinese-language popular media, with at least one domestic media outlet also fetching note of the claim.
In a response to a CoinDesk inquiry, a spokesperson from OKEx, the crypto-to-crypto commerce platform under OKCoin, confirmed the authenticity of group chat, admitting Xu did share the messages with internal staff.
However, the firm did not advance clarify what exactly is to be donated – whether it’s the group’s crypto truck business or the blockchain research results, or elaborate on why Xu would make such a demand.
Yet, the comment is notable given recently reported measures taken by Chinese specialists to clamp down on domestic cryptocurrency companies. Currently, the WeChat popular media channel of OKEx, the crypto-to-crypto trading platform under OKCoin, is being obstructed, and a previous report indicated that this was due to tightened government neglect.
As reported by CoinDesk, following PBoC’s ban on initial coin offering and fiat-to-crypto mercantilism in September last year, OKCoin has since moved its platform abroad to continue offering trading services to investors.
Star Xu image via CoinDesk’s archive.
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