A document, first circulated online on Wednesday, indicates that the district government has now banned commercial properties from hosting events relating to “cryptocurrency talks and promotion.” The missive appeared to have been issued on Aug. 17 from the financial service department of Beijing’s Chaoyang district.
An official from the department confirmed on Wednesday that the document is authentic, adding that it was issued due to recent observations of promotional activities hosted in commercial properties. The official did not give further details.
Based on the document, however, the financial service department intends the action to protect the financial safety of the public, to strengthen the position of Chinese yuan as the legal currency in China and to stabilize the country’s financial system.
“We now order every shopping mall, restaurant, hotel and official building not to provide venues for any events that promotes or talks about cryptocurrency, and must report to the authority if such activities were found,” the document states.
In April, a blockchain-themed conference underway in Shanghai was abruptly halted by police and then cancelled. Rumors emerged at the time it was due to the presence of an initial coin offering project booth at the event.