Chinese authorities continue to struggle with the capital outflow and retail investors' attempts to invest in cryptocurrencies. Major payment system began to block accounts suspect of operations with cryptocurrencies.

AliPay, one of the largest payment systems in China, a member of the Alibaba Group, blocked about 3,000 accounts suspected of dealing with cryptocurrencies. It was reported by Zhang Yifeng, dean of the Zhongchao Blockchain Technology Research Institute.

According to him, although actions of the Chinese authorities led to the purification of the domestic market from cryptocurrencies, ICOs and trading platforms, the People's Bank of China should continue its work to combat illegal financial activities.

He specified that, since May 2018, Chinese authorities began blocking access to 110 cryptocurrency sites, including trading platforms such as Huobi and Binance.

The public propaganda against cryptocurrencies also intensified. The National Internet Finance Association of China (NIFA) actively informs the public about the risks and dangers of any activities related to cryptocurrency.