Following Chaoyang District, China's Guangzhou Development District near Hong Kong has reportedly banned crypto promotional activities.
The ban is said to be a part of the measures aimed at keeping financial system secured and stable.
Last week, similar measures were taken in Beijing's Chaoyang District. In that case, it was banned from any crypto events in office buildings, hotels and malls.
Moreover, Chinese regulators also released a warning notice about new ways of fundraising in the cryptocurrency segment, including initial exchange offering and initial fork offering.
As a result, the recent measures indicate that Beijing stays aggressive towards cryptos and keeps expanding its pressure on the local crypto market. Notably, the crypto trading was banned in China back in early 2017 and trading platforms started to close business or relocate to other countries with a more flexible stance of the government.
In addition, the authorities closed some outlets that dealt with blockchain and cryptos using WeChat. Specifically, Tencent's WeChat banned all mass media accounts that are connected with cryptocurrencies. Later, Chinese giant Baidu started filtering and blocking all forum threads that are connected with cryptos in some way. They have also blocked an access to more than 100 websites run by foreign exchanges that offer services to Chinese residents.