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

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

Thu, 23/08/2018 - 13:21

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

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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.

#Max Keiser

About the author

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.