Now, a central district in your capital is banning events promoting cryptocurrencies in offices, hotels and shopping malls while your central government is shutting down blockchain-related news accounts on the WeChat social app.
According to NewsBTC, Red Li, the co-founder of 8BTC and a Chinese cryptocurrency researcher, tweeted out a document from the Chaoyang District government in Beijing ordering local financial authorities and police to ban offices and hotels from hosting events promoting crypto.
Beijing Chaoyang release a file to ban offices, hotels from hosting token-related promotions. pic.twitter.com/vxtyld9q3n
— Red Li (@redtheminer) August 22, 2018
The South China Morning Post goes further, reporting that besides the event ban at least eight blockchain and cryptocurrency-focused online media outlets, some of which had raised several million dollars in venture capital, found their WeChat public accounts blocked for “violations against new regulations from China’s top internet watchdog.”