Business Magazine

China Censoring The Conversation Around Global Bitcoin Summit

Posted on the 10 May 2014 by Worldwide @thedomains

Bitcoin

Back in December the central bank of China put a stop to all Bitcoin transactions. This caused certain exchanges to shut down and created a stir among many crypto currency enthusiasts in the country.

The IB Times is now reporting that China has told the media they cannot write about a Global Bitcoin summit that is coming up in Beijing.

From the article:

The Chinese authorities have ordered local media not to cover the upcoming Global Bitcoin Summit in Beijing and not to promote the digital currency, as China continues its crackdown on the virtual currency.

The digital currency conference is scheduled to be held on 10-11 May, and the media have been ordered to ignore it, according to censorship instructions leaked online by California-based media outlet China Digital Times.

“The Global Bitcoin Summit 2014 will be held on May 10-11 in Beijing. All websites are asked not to participate in or report on the summit,” the instruction reads.

“Do not hype bitcoins. All reporting on bitcoins must henceforth accord with the specifications of financial regulatory agencies.”

On 6 May, the CEOs of China-based digital currency exchanges OKCoin, BTC China, BtcTrade, CHBTC and Huobi, said they would not attend the conference to comply with state policies and regulations.

Read the full story here


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