Cryptocurrency-Related Conferences Across Asia Are Being Delayed Due To Coronavirus Outbreak
Cryptocurrency-Related Conferences Across Asia Are Being Delayed Due To Coronavirus Outbreak
February 8, 2020
Cryptocurrency-Related Conferences Across Asia Are Being Delayed Due To Coronavirus Outbreak
Cryptocurrency-Related Conferences Across Asia Are Being Delayed Due To Coronavirus Outbreak
February 8, 2020

A number of cryptocurrency-related conferences across Asia are being delayed in response to the regional coronavirus outbreak.

It has been reported that TOKEN2049, a major crypto event held annually in Hong Kong, is the latest one to postpone its conference. Originally scheduled for mid-March 2020, TOKEN2049 will now instead be taking place on October 7-8, 2020.

The TOKEN2049 team announced:

“Over the past weeks, we have been monitoring the global developments around the coronavirus closely. Whilst Hong Kong is managing the situation well and has taken strict precautions to contain any potential impact, uncertainty prevails.”

However, Hong Kong, which reportedly announced its plans to close border crossings with mainland China in a further push to control the deadly virus, has been experiencing even more uncertainty due to local anti-government protests.

A major local blockchain remittance startup called Bitspark abruptly announced its closure earlier this week by citing internal restructuring issues alongside coronavirus and political protests.

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TOKEN2049 is not alone in postponing its event. On January 3, Binance announced the delay of its Binance Blockchain Week Vietnam, which was originally scheduled from February 29 to March 4, 2020. Binance said that it will reimburse registered guests by noting that a new date for the event would be announced later.

The exchange added:

“We sincerely apologize for the inconvenience caused by the delay. If you have registered for the Binance Blockchain Week, you can get a full refund through the event registration platform […] We will inform everyone soon regarding further updates on this event.”

Likewise, in late January, Hong Kong Blockchain Week 2020, another major conference, announced that it will put the event scheduled for March 2020 on hold. The event organizer said that they will make a public announcement of the new date as soon as it is determined.

While the coronavirus outbreak has impacted the crypto and blockchain industry, a number of people and companies in the space have announced initiatives to tackle this fast-spreading epidemic.

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As it has been reported, Acoer, a blockchain-enabled applications developer, recently launched a data visualization tool to track the deadly coronavirus. In order to fight against the epidemic, a blockchain-based platform called Hyperchain was launched in China, serving as a medical supply donations portal to support local hospitals.

On February 5, an expert at the University of Hong Kong claimed that blockchain and AI-based technology could better tackle the coronavirus epidemic by providing a transparent recording of donations.

Thus, Changpeng Zhao (CZ) the CEO of Binance, previously announced that the exchange pledged to donate $1.5 million in order to help victims of the coronavirus in Wuhan, which is the epicenter of the coronavirus outbreak in China.

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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.