China Witch Hunt Continues: Guangzhou Hub Shuts Down Crypto Events

News
Wed, 08/29/2018 - 12:17
Yuri Molchan
The Guangzhou district, an important economic area in China, banned all promo events to do with virtual currencies in line with the current stance of Chinese government
Cover image via U.Today

The Guangzhou district, an important economic area in the South of China, is reported to have banned all promo events to do with virtual currencies in line with the current stance of the Chinese government.

On Friday, Aug. 24, it published a notice prohibiting any crypto-related events in the area. Earlier, the Tencent giant also followed the directions from above, banning all WeChat accounts related to the crypto industry. Besides, similar orders were given regarding the Chaoyang area of Beijing, also a popular Blockchain hub in the past.

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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