Organizers of concerts, exhibitions, conferences had to choose from several options. The first one was to cancel their events. The second option was to postpone the events for a couple of months. Organizers of several crypto-related conferences decided to defer the conferences to limit the risk associated with coronavirus.
For example, organizers of TOKEN 2049 made the decision to postpone TOKEN2019. It was initially scheduled for mid-March 2020. However, TOKEN 2049 will take place in several months on October 7-8, 2020.
Moreover, organizers of another crypto event in Hong Kong decided to postpone the conference, and it will take place in September.
Organizers of the EDCON conference came to the conclusion that the best solution was to cancel the conference. Italy has the highest number of confirmed cases after China. It would be tough to organize an event at a time when the Italian government imposed a nationwide lockdown.
Furthermore, the future of South Korea’s Nitron Summit 2020 remains unknown as organizers have to release the information about new dates.
Politics and crypto industry
Politicians realized the severity of the problem. Coronavirus became one of the main challenges for the global economy. U.S. government is trying to avoid the worst-case scenario.
Last week U.S. President Donald Trump announced new travel restrictions. Trump signed a Presidential Proclamation. As a result, most foreign citizens who visited certain European countries during the last two weeks won’t be able to enter the U.S.
Thus, people won’t be able to attend crypto-related conferences and events.
Interestingly, the United Kingdom is not on the list. Other countries also introduced travel restrictions. For example, India announced it would stop issuing visas for most foreign visitors arriving from March 13 to April 15. Moreover, India closed its border with Myanmar.
Crypto-related companies have to modify their plans; otherwise, it will be tough to adapt to the new reality.