
China’s new targets in crypto crackdown: News outlets and... hotels?
The Chinese government hates cryptocurrencies but still likes blockchain
China’s crackdown on cryptocurrencies is now reaching beyond traders and fundraisers.
Jingse Caijing, one of the outlets blocked by WeChat, says 350,000 people visit its platform everyday to read more than 200 articles on crypto and blockchain projects. It didn’t respond to a request from the SCMP to comment on the ban.
China’s netizens use blockchain to spread censored news
In another sign that China is stepping up its crackdown, authorities in Beijing are going after marketing activities by crypto firms. Starting from last week, hotels, office buildings and shopping malls located in the central Chaoyang district are no longer allowed to host marketing events involving cryptocurrencies.
A store without cashiers opens in China’s “future city”
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For more insights into China tech, sign up for our tech newsletters, subscribe to our Inside China Tech podcast, and download the comprehensive 2019 China Internet Report. Also roam China Tech City, an award-winning interactive digital map at our sister site Abacus.
