All Cryptocurrency Exchanges Ceased Working in Guangzhou
Local authorities of Guangzhou closed all exchange services that worked with digital currencies. There was also a massive cleaning of all online sites that offered similar services. On December 18, representatives of the financial regulator of Guangzhou spoke about their intention to strictly monitor the activities of companies engaged with distributed ledger technology. “We should not only promote the development of new-generation information technology like blockchain and digital economy industries but also prevent illegal persons from registering market subjects of engaging in illegal business activities in the name of blockchain technology.” - regulator`s site informs. As of the writing, 11 cryptocurrency exchanges have ceased to operate in China.