Technology

Chinese authorities suspend business license for Beijing Bitmain

The battle within the management of Bitmain led to the suspension of the business license of the Beijing division of the mining large.

In keeping with Primitive Crypto associate Dovi Wang, Bitmain is making an attempt to leverage its ties with the political elite to resume the license.

Recall, the police in Beijing arrested the consultant of Bitmain Liao Liu for attacking the previous CEO and co-founder of mining large Mikri Zhang.

In keeping with Dovi Wang, Zhang obtained a Bitmain license from the Bureau of Business and Commerce in an workplace in Beijing as a authorized consultant. Liao Liu with a dozen folks actually robbed Zhang proper within the workplace constructing, taking away papers.

The battle of the co-founders of the corporate resulted within the pages of the Chinese media - the incident was reported by the most important state-owned information company Xinhua.

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