{"id":"tp-4286","type":"article-newspaper","title":"Illegal crypto market considered third biggest ‘black industry’ in China with an estimated valuation of $15B","author":"J Russ Isberto","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/insights/4286","datePublished":"2019-11-26T03:22:14.000Z","dateModified":"2019-11-26T03:23:17.000Z","language":"en","abstract":"A Chinese official has revealed that more than 25,000 domestic crypto companies tried to issue their own token, while only 4,000 are focusing their efforts on pure blockchain initiatives.","section":"Insights & Views","references":[{"title":"Zhu disclosed the information with Chinese-backed state media CCTV","url":"http://www.nbd.com.cn/articles/2019-11-21/1387869.html"},{"title":"the country is shelling out $2B","url":"https://www.tokenpost.com/China-to-spend-2B-on-its-blockchain-initiatives-Lifts-ban-on-cryptocurrency-4104"},{"title":"Even up and coming Chinese crypto exchange BISS","url":"https://www.tokenpost.com/China-shuts-down-BISS-crypto-exchange-arrests-more-than-10-people-Binance-raid-still-unclear-4269"},{"title":"https://www.flickr.com/photos/jlascar/4475570857","url":"https://www.flickr.com/photos/jlascar/4475570857"},{"title":"https://creativecommons.org/licenses/by/2.0/","url":"https://creativecommons.org/licenses/by/2.0/"},{"title":"TokenPost","url":"https://www.tokenpost.com"}]}