China restrict coins

 On August 21, a group reporting on cryptocurrencies and blockchain on WeChat was blocked by Tencent. According to the statement, this method was used because the group in question shared information and gave directions about ICOs in violation of the regulations imposed by the Chinese Government. Imprisonment was demanded of those who did not comply with the prohibitions and regulations. According to a statement issued from the Chaoyang district of Beijing, any attempt to conduct crypto promotion activities is prohibited. Moreover, according to a statement from People's Daily, Jiangsu Provincial People's government's financial study bureau has expanded its target of special correction for internet financial risks to virtual currencies and ICOs. All these issues reflect the tough stance of the Chinese government towards ICO and cryptocurrency trading. According to the statement made by the Chinese government, further steps will be taken to oversee and regulate the media rega