Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.
One among China’s main Filecoin firms, Shikongyun, has been sued by native prosecutors for allegedly promoting nearly $100 million in a pyramid scheme. This has led to a wider investigation by Chinese language authorities into Filecoin firms and their founding groups. As of now, nearly all of the Chinese language firms concerned in Filecoin are underneath scrutiny by the police. This information has shaken the cryptocurrency market, inflicting some buyers to lose religion in Filecoin as a secure funding. It stays to be seen how this case will unfold, however it’s clear that the Chinese language authorities is cracking down on criminality throughout the cryptocurrency trade.
