Share this article
Venues Banned from Hosting Crypto Events in Beijing's Finance District
Commercial properties in downtown Beijing have been ordered not to provide venues for events that promote cryptocurrency.
By Wolfie Zhao
Updated Sep 13, 2021, 8:18 a.m. Published Aug 22, 2018, 1:00 p.m.
Shopping malls, hotels, restaurants, and office buildings in downtown Beijing have been ordered not to provide venues for activities that promote cryptocurrencies.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
An official from the department confirmed to CoinDesk 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.
The release comes as the latest instance in which cryptocurrency-related events in China have been placed under regulators' scrutiny.
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.
The news also follows a crackdown on the presence of Chinese cryptocurrency media on the messaging giant WeChat, as reported by CoinDesk yesterday.
Chaoyang, Beijing, image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Barclays Sees ‘Down-Year’ for Crypto in 2026 Without Big Catalysts
Spot trading volumes are cooling, and investor enthusiasm is fading amid a lack of structural growth drivers, analysts wrote in a new report.
What to know:
- Barclays forecasts lower crypto trading volumes in 2026, with no clear catalysts to revive market activity.
- Spot market slowdowns pose revenue challenges for retail-focused platforms like Coinbase and Robinhood, the bank said.
- Regulatory clarity, including pending market structure legislation, could shape long-term market growth despite near-term headwinds.
Top Stories
