Cryptocurrency Exchange Huobi Creates a Communist Political Commitee – Aisshwarya Tiwari


Huobi, the third largest cryptocurrency exchange platform by trading volume has set up a communist party committee; a moved dubbed as a “milestone” by the company founder, reports South China Morning Post, November 19, 2018. Established in April 2018 with an initial capital of $2.9 million, Beijing Lianhuo Information Service Co. Ltd. is a subsidiary of Huobi. Notably, Huobi CEO and founder Li Lin have a 99 percent stake in the newly christened subsidiary. The move by Huobi is seen as an attempt to strengthen ties with the notoriously anti-crypto Chinese government……….

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