 BEIJING, March 11, 2021 PRNewswire -- Luokung Technology Corp. NASDAQ: LKCO Luokung, a leading interactive location-based services and big data processing technology company based in China, today announced receipt of a letter from the Department of the Treasury Office of Foreign Assets Control OFAC. The letter confirms that any restrictions on U.S. persons to trade Luokungs securities or derivatives will not take effect until May 8, 2021, and that divestments will be permitted through March 9, 2022. 