As the Wuhan Coronavirus spreads further across Asia – an important region for the crypto industry – industry players have started to feel the impact on their own businesses. As of this weekend, a number of crypto events have been postponed, mining gear manufacturers have announced supply chain disruptions, and some mining farms have even been forced to halt operations.
According to the latest report (February 13) by the World Health Organization, globally, there were 46,997 cases confirmed. 46,550 of them - in China. The number of deths reached 1,368 in China and 1 outside the country.
WHO risk assessment:
China: Very high
Regional level: High
Global Level: High
(Situation reports from the WHO can be found here.)
In China, the country worst hit by the virus outbreak so far, the official Chinese New Year holiday was extended by one week for most workers to avoid having large masses of people traveling and potentially spreading the virus across the country. Last week, however, most companies resumed work, although many chose to adopt work-from-home arrangements for their employees.
In Hong Kong, another major hub for blockchain-related companies, school is still off for most students after the Chinese New Year holiday, with the government now saying it will not resume classes again until March 16 at the earliest, South China Morning Post reported on Thursday. Like in mainland China, employees in Hong Kong have also been encouraged to work from home until further notice.
With this backdrop, it should come as no surprise that the crypto industry is also facing challenges. To give you the full picture of how the industry has been impacted so far, here is a compilation of everything we know.
Crypto events put on hold
When it comes to crypto-related events, getting together in person is unavoidable. Given health authorities’ warnings that large gatherings work as incubators for the virus, organizers have been faced with the tough choice of whether they should postpone, or even cancel, their long-planned events.
