China's ban on cryptocurrency promotional events now extends beyond Beijing

in #cryptocurrency6 years ago

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South China's special economic zone in Guangzhou, China, has banned incidents of cryptokwurabic violence because the campaign on digital money is spread outside the capital city of Beijing.

The Guangzhou Development District, established in 1980 as one of China's first special economic zone, issued a notice which prohibits the hosting of cryptorchist campaign events. It mentions "maintaining security and stability in financial system" as part of the reasons.

Notice of a similar ban by the Central Chaoyang District of Beijing on 17th August

The latest example of China's growing crackdown in CryptochuraWinds was started in September with the exchange of Crito Exchanges and primary coin deductions. Unregulated voder financing system involving IOPO cryptocuruing. Despite the centerpiece of blockquencing, except for the underlying technology behind this virtual currency, Beijing has made it clear that retail investors do not want to put money in cryptorchic currencies due to the financial crisis.

The government crackdown on crackdown of China's crypto exchange operators and IOC projects to Singapore's friendly judiciary, although many still focus on attracting Chinese investors to the mainland through online chat groups or promotional events.

On Friday, five top-level Chinese regulators, including the Central Bank and the Public Security Ministry, issued a warning against the illegal collection of money named Blockcon and Crypto. The notice said that such activities use the concept of "financial innovation" to entice investors, "but only capitalist plans are basically".

The Chinese sensor has recently blocked several news centers in Blockachen and Crypto's Social Apps WeChat, some of which have raised millions of dollars in Venture Capital. Meanwhile, authorities blocked the access to China by handling 124 websites offshore cryptoconce exchanges, which provide citizens' trading services to the mainland, according to state media.

China's largest technology companies have shrunk to maintain contact with regulators. Baidu, the country's leading online search engine operator, has recently blocked some popular Cryptocurrency related forums, when Tencent and Alibaba groups are pressurizing virtual currency to create their mobile payment services. - South China Morning Post