The rapid spread of the coronavirus outbreak has sent shockwaves across the global market. Some crypto analysts have even noted that investors have been moving to Bitcoin as a way of obtaining safe-haven assets as a result of the outbreak.

Another consequence of the outbreak has been the cancellation or delays of many major crypto events around the world. It is believed that the outbreak would likely have a significant impact on the turnout of these events.

The Chinese government reported earlier today that the death toll of the outbreak has reached 563, with over 28,000 confirmed infected cases.

It is very difficult to prevent outbreaks of such highly contagious infections due to its exponential spread. It is therefore important that individuals engage in heightened safety precautions in order to avoid being infected with the virus.

Therefore, major crypto events in the Asian continent are now being re-scheduled. These include the Hong Kong Blockchain Week 2020, Token2049, and Binance Blockchain Week Vietnam. All these are popular events with huge numbers of industry leaders, who were going to give presentations and participate in panel discussions.

The founder of Instanbul Blockchain Week, Erhan Korhaliller, spoke with cryptoslate outlet about the series of event cancellations in Asia. Korhaliller said the health and safety of delegates at any conference should be paramount so the conferences in Asia have made a good decision.

Although the cancellations and postponement of these events is unfortunate, it is being done in the best interest of participants.