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iginating from its operations in Sweden. It proclaimed that competitors will be required to pay to take part in races and auctions although most of these virtual funds are to be returned ‘through bonus pools, activity rewards and a dedicated development fund for beginners. The firm purportedly later accepted the resignation of its Chairman, Xudong Chen, while its Chief Executive Officer, Zhengming Pan, subsequently proclaimed that he would be temporarily standing down ‘in order to ensure a thorough and fair investigation’ into the matter could be conducted....
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