Recently, Chinese authorities have initiated the closure of numerous DLT news channels on the social app WeChat.
Chinese IT regulators have closed down WeChat accounts of at least eight companies focused on electronic assets, which have collected several billion dollars of investments due to them allegedly publishing data on ICOs and speculating on crypto trading.
Besides, Chinese authorities have forbidden hotels, shopping centers and office buildings in a high-end central area of Beijing to host events that promote virtual coins.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Dan Burgin
Vladislav Sopov