Quick TakeRecently, two of China’s largest cryptocurrency exchanges, Huobi and OKCoin, both hosted conferences in the province of Hainan Facing regulatory pressure, the two exchanges may be trying to establish their legitimacy in China by associating themselves with government initiatives Meanwhile, the Hainan government is pushing for blockchain innovation in a bid that the new technology can boost the region’s economies – this plan may make the province a suitable location for crypto businesses to take shelter from the regulatory crackdown
