China Witch Hunt Continues: Guangzhou Hub Shuts Down Crypto Events

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

Wed, 29/08/2018 - 12:17

China Witch Hunt Continues: Guangzhou Hub Shuts Down Crypto Events

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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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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.