Shenzhen crypto warning against illegalities surrounding the cryptocurrency in the country will be investigated by the Leading Group for the Remediation of Internet Finance Risks. Eastmoney, an indigenous news source, announced the Shenzhen crypto warning on November 21, highlighting the cause of the increasing fraudulent deeds on the approval of blockchain technology by the current administration. Shenzhen crypto warning following President Xi Jinping’s endorsement Since the ban of Initial Coin Offering in 2017, the unlawful activities with digital currency in the state reduced to the barest minimum, the Leading Group explained. However, the President’s acceptance of blockchain technology has tossed