RATE Group | Cryptocurrency Exchange Huobi Creates Communist Party Committee in China
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Cryptocurrency Exchange Huobi Creates Communist Party Committee in China

20 Nov Cryptocurrency Exchange Huobi Creates Communist Party Committee in China

Posted at 09:47h in Cryptocurrency News by

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Huobi



Huobi Group has created a Communist Party committee, making it the first blockchain based company to do so in China, the South China Morning Post reports.

The committee was created through a Huobi subsidiary called Beijing Lianhuo Information Service, which was registered as a business earlier this year, owned by Li Lin, the founder of Huobi. Lin praised the launch of the committee, referring to it as a milestone for the company, hailing the Communists party for its friendly policies towards the blockchain industry, where Huobi has several businesses operating out of mainland China.

“Under the cordial care of the Party Working Committee of Haidian, the party branch of the Beijing Lianhuo Information Service Ltd. was gloriously established,” Lin added.

A party official from the same district where Huobi’s blockchain operation is based, Cao Zhou warned the new branch on the role it has to play, stating:

“We must enhance the party’s…

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