The Chinese authorities have banned the holding of promotional events dedicated to the cryptoindustry, in the zone of technical and economic development in Guangzhou. This is reported by South China Morning Post.
According to the government, these measures are aimed at "maintaining the security and stability of the financial system of the region." Note that the ban on holding crypto-events in office buildings, hotels and shopping centers was first introduced on August 17 by the Chaoyang authorities in Liaoning Province.
Such actions indicate a hostile attitude to the crypto industry by the Chinese authorities. Last week a number of local media published information that financial regulators intend to block access to 124 foreign crypto exchange sites providing services to residents of the country.
Private corporations also joined the tough cryptocurrency policy. For example, the messenger WeChat, developed by the technological giant Tencent, blocked media accounts related to blocking and cryptocurrencies. Also, the search giant Baidu began to censor and ban similar topics on the platform of Baidu Tieba.