After the Beijing authorities banned two weeks ago to hold in Chaoyang district events that may be associated with the promotion of cryptocurrency, such decision taken in the special economic zone Guangzhou. As expected, this measure should contribute to “the strengthening of the position of the Chinese yuan as legal currency of China and stabilize the financial system” of the country.

Recall that last week five Chinese regulators in a joint statement, warned the public about the risks of investing in projects which under the guise of financial innovations related to blockchain technology and cryptocurrencies are encouraged to participate in financial pyramids. Before Chinese national service of risk control in financial technologies have detected and blocked 124 cryptologie platform with foreign IP addresses. And platform WeChat and Alipay began to cooperate more actively with the authorities to monitor and block accounts associated with cryptocurrency trading, and its promotion.