Huobi Plays Party Line in China, Creates Communist Committee

What do Bitcoin and communism have in common? Huobi.

The world’s third largest digital assets exchange has set up a Communist Party committee via its $2.9 million-subsidiary, Beijing Lianhuo Information Service, reported the South China Morning Post.

The decision comes under the garb of a political charter given by the Chinese Communist Party to local enterprises. According to it, any company having at least three party members as employees will establish a particular branch to promote...

What feeling does this article give you?

#hashtags to follow:

Bitcoin [+]    Communist Party [+]    Beijing Lianhuo Information Service [+]    South China Morning Post [+]    Chinese Communist Party [+]   

More #news: