Yesterday, the Taipei District Prosecutors Office, pursuant to the “Act Governing Relations between Peoples of the Taiwan Area and the Mainland Area,” brought in for questioning former principal of Asia Pacific Easy Antech Technology Co., Ltd., Hu Zhilong, and released him on bail of 200,000 NTD after interrogation. It is understood that without approval from Taiwan’s Ministry of Economic Affairs’ Investment Review Division, “New Wave Blockchain,” a subsidiary of mainland China’s Xin Pai Media Group, established Asia Pacific Easy Antech Technology Co., Ltd. in Taiwan in 2018. The primary business of Asia Pacific Easy Antech Technology Co., Ltd. was operating the “BitAsset” cryptocurrency exchange.
