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China Officially Bans All Crypto-Related Commercial Activities

Aug 23, 2018

According to the latest tweet by Dovey Wan — the Managing Director of Dhanua Capital, a California-based venture capital fund — the Chinese government authorities have released an official order asking to ban all the cryptocurrency-related commercial activities and events.

As China has already introduced a blanket ban on all crypto trading and exchange operations, the latest ban circulates more around communication channels spreading the ‘crypto word.’ The new order follows the latest closure of several crypto-focused news outlets having their official accounts on WeChat.

Some of the popular news outlets shutting down include Lanjiner, Jinse, Huobi, and Deepchain. The reason cited is their apparent violation of the newly issued guidelines by China's top internet authority, the Cyberspace Administration of China.

Tencent, the parent company of WeChat, has officially confirmed, saying that the shutdown is permanent as the crypto news outlets are “suspected of publishing information related to ICOs and speculations on cryptocurrency trading.”

Source: Bitcoininst

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