Some Chinese crypto companies are still hiring despite the incident – Cointelegraph

China continues to step up its crackdown on cryptocurrencies. However, it seems that the billion-nation nation’s recent raid didn’t have a huge impact as some Chinese crypto companies are still hiring more people despite the incidents.

Some Chinese crypto companies are still hiring people despite the incident

According to the China Securities Journal, several companies in cities like the capital Beijing as well as Shanghai and Chengdu are still promoting jobs that appear to be related to cryptocurrency through East Money on major platforms like the job section of search engine giant Baidu.

Some of the most recent posts are from last weekend (July 10-11), others from last weekend – shortly after the current raid began. A Hong Kong-based company is looking for a “digital currency exchange manager,” as a screenshot shows. Another is promoting a “digital asset trader” while another is still advertising a position for a crypto mining engineer. Another is still looking for a “digital commodities” specialist “market trading platform”.

Additionally, some jobs still offer sky-high salaries – with an offer of up to $ 24,700 per month for more experienced candidates.

Most companies appear to be startups, although they may have some stronger supporters.

A company called Beijing Coin World Network Technology has advertised many positions for its facilities in Beijing and Chengdu. The company was founded in 2017, and the same media reported that it received financial backing from crypto exchange giant Huobi.

While crypto is not directly mentioned in any of the job postings, the positions, according to the media, are all “closely related to the crypto industry” and many more companies are looking for a job.

The report’s author added that a number of crypto-related smartphone apps are still available for download on popular app marketplaces.

And crypto enthusiasts told the outlet that they are still willing to “wait and see” what will happen when the guidelines go into effect. To date, most of the efforts to prevent mining have been carried out by local governments in a desire to please the central government, rather than by government agencies based in Beijing.

One person was quoted as saying:

“We still have a glimmer of hope. But if future efforts take the form of a crackdown on crypto media and PR and crypto-related service organizations, we might be forced to take a break. “

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