China strengthens fight is cryptocurrency


China strengthens fight is cryptocurrency

Shopping and office centers, hotels, restaurants, the Central part of Beijing received the order prohibiting activities that are devoted to the cryptocurrency.
The ban, dated August 17, released by the administration of the Chaoyang district where is located the business center of the Chinese capital. Local authorities acknowledge the fact of the prohibition of activities “with discussion or advertising, cryptocurrency,” but from more detailed comments abstain.

According to the text of the document, the ban is due to neobhodimosti ensure the financial security of the population, enhance the status of the Chinese yuan as a single currency, free circulation of which is allowed in the country, and considerations of stability of the financial system.

The owners of the exhibition and other areas is recommended not only to adhere to this prohibition themselves, but also to inform authorities if someone dares to disobey.

Interestingly, earlier today, Chinese media reported the lock in the popular Chinese app WeChat messenger number of accounts devoted to cryptocurrencies and the blockchain. Suffered, in particular, are popular among local users accounts, as Deepchain, Huobi News and CoinDaily.

The representatives of the messenger, claim that the blocked accounts found in violation of “temporary requirements for the development and management of public information services”, the current version of which was approved by the cyberspace Administration of China earlier in August.

We will remind, in July the Vice-President of the people’s Bank of China Peng Gunsan made a rather strong statement addressed to the organizers of the ICO.

According to him, ICO, both overt and “in disguise” and cryptotrading related to illegal types of Fund raising and issuance of securities.

Even introduced in September 2017 direct ban of the ICO didn’t bother them — ICO is still advertised in China and is available for Chinese investors, which is unacceptable.

“Any new financial product or phenomenon, does not comply with current legislation… will be destroyed once dare show his face on the surface”, — said the representative of the Central Bank of the country.


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