China Witchhunts Blockchain News Channels, Stops Beijing Hotels Hosting Crypto Presentations

News
Thu, 08/23/2018 - 13:21
Yuri Molchan
Chinese authorities have initiated the closure of numerous DLT news channels on the WeChat social app of at least eight companies focused on digital assets
Cover image via U.Today

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.

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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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