China Prohibits Crypto-Related Promotion in Beijing's Chaoyang District

China is prohibiting all commercial venues from hosting any cryptocurrency-related events in Beijing's Chaoyang district, local news outlet The Paper reported August 22.

Many reportedly believe the ban, first covered by a local news app known as Jwview, could be extended to other districts as well, according to Cointelegraph correspondents in China.

As The Paper reports, the new notice prohibits all public spaces in the district - including shopping malls, hotels, and office buildings - from hosting any form of crypto-related promotions.

As Cointelegraph Japan has further reported, the restrictions in the Chaoyang district intersect with a sweep of wider measures targeting communication channels or "Loopholes" through which Chinese investors can gain access to Initial Coin Offerings or crypto-related activities.

According to the Shanghai Securities Times, the China National Fintech Risk Rectification Office has reportedly now identified 124 crypto trading platforms with overseas IP addresses and is intending to block access to their services.

Restrictive actions are also being taken against ICO and crypto trading platforms, including their related public social media accounts.

As Cointelegraph reported August 21, China's leading social media platform WeChat permanently blocked a number of crypto and blockchain related accounts that were suspected of publishing ICO and crypto trading "Hype" in violation of new regulations that were introduced earlier this month.

In an email shared with Cointelegraph, crypto media site Coindaily - which claims that its official WeChat channel had over 100,000 users as of June 2018 - confirmed that "Around 8 top influential WeChat cryptocurrency related official accounts [had been] permanently banned," among them Coindaily, Huobi News and Huobi Research Institute, Jinse.com, BiShiJie News Flash, deepchain, TokenClub, CoinDaily, Wujie Blockchain, and Dapao.

CT Japan further reports that new measures are also underway to toughen the "Clean-up" of third party crypto payment channels, including those used by over the counter platforms.

China has been tightening regulations on crypto since September 2017, when it banned both ICOs and Bitcoin-to-fiat exchanges.