ChinaNet appoints its new Chief Technology Officer

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3. ChinaNetappoints its new Chief Technology Officer 3 ChinaNet appointed Mr. YingguoGuo as the new Chief Technology Officer of the company. Well, ChinaNet, the NASDAQ listed company is an “integrated online advertising, precision marketing, and data analysis and management services platform”. ChinaNet President States Handong Cheng, the Chairman, President, and CEO of ChinaNet said, “We are excited about the addition of such high-caliber talent to ChinaNet." He continued, "Yingguo’s distinguished leadership capabilities, deep expertise in technological innovation, and consistent focus on boosting operational efficiencies are welcomed additions to our executive team. With over ten years of experience in the technology industry, Yingguo’s proven track record in developing strategies and optimizing systems for internet platforms will help drive our  growth and streamline our expansion efforts going forward.” www.cryptoknowmics.com

4. About YingguoGuo Mr. YingguoGuo has experience in managing research and development for over a decade. And prior to this, he held several executive positions in various countries like the U.S., Canada, and China. Also, he founded two technology companies in China, and Twinkle Entertainment Technology being one of them. He founded Twinkle in 2016 and is an electronic ticketing platform based on blockchain technology. Twinkle successfully rolled out its blockchain products in Southeast Asia transforming the entertainment ecosystem of that region. www.cryptoknowmics.com

5. The Blockchain Boom in China 3 The amount of interest, China is showing towards the blockchain technology, the country may soon become a global hub for the same. And recently, in October, President Xi Jinping announced his support towards blockchain technology as he talked about increasing investment in the sector. He also stated, “Blockchain should be made an essential way and main direction to drive China-led technology innovation.” Reportedly, China also plans to invest around $2 Billion by 2023 in the blockchain sector. Apart from that China is soon going to launch its own CBDC (Central Bank Digital Currency). www.cryptoknowmics.com

6. China tightening crypto space 3 Recently, local authorities have Beijing has issued a warning.  they asked firms not to indulge in any kind of crypto trading activities along with crypto-related services. Several violations took place in China in the past months. Also, Shenzhen authorities busted eight companies for conducting illegal crypto-related activities. In November, five exchanges shut down as well. However, the Central Bank of China clarified in its updated regulatory framework that its pro-blockchain nature is not an approval to cryptocurrencies. www.cryptoknowmics.com

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