You are not welcome here: Beijing banned the cryptocurrency conference

The municipality of Beijing issued an official ban on the holding of the events related to cryptocurrency. The restriction applies to hotels, shopping centers and office buildings in the Central district of Chaoyang. This writes Cryptovest.

New bans cryptocurrencies

The representative of one of the largest financial institutions of Chaoyang said that the ban was imposed after the team of foreign cryptocurrency held a conference in one of the buildings in the area. It turns out that the new rules are part of a renewed campaign in China against the cryptocurrency. Earlier, the developers of the social network WeChat banned several accounts related to cryptocurrency projects.

Both events have once again confirmed the seriousness of Beijing regarding digital assets. The government is not going to “loosen their grip” after the ban of the ICO in September last year.

Despite the initiative to use the blockchain in the economy, the ruling Communist party in the country do not agree that ordinary investors should invest their money in cryptocurrencies. Last week for members of the party were published a small manual called “the Blockchain — a guide for leaders.”

The President of the party newspaper People Daily Ye Hao told about peculiarities of work with bloccano.

The main importance of the blockchain lies in the mechanism of its work. By cryptography can help to achieve fair distribution of resources. Therefore, we must develop new methods of solving problems with cryptocurrencies.

We will remind, recently China has updated the ranking of the most promising cryptocurrencies. The other interesting startups will get to know in our cryptodata.

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