The Shenzhen Stock Exchange in China conducts out investigations in companies that use the term “Blockchain technology”. New technologies lead to higher prices for shares of companies. The exchange’s management requires providing details explaining the relevance of blockchain technology, annual project plans for the next three years and the number of shares. One of the companies admitted that it does not use blockchain technology and withdrew from the platform. Simultaneously, the US Securities and Exchange Commission (SEC) also announced a closer look at US companies that change their name by including the word Blockchain.
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