China Bans Crypto-related Accounts In Weibo
China is tightening its crackdown on cryptocurreny.
Aside by banning bitcoin trading and mining,the continous crackdown now includes social media accounts.
A report from Reuters states China is blocking crypto-related accounts in social media platform Weibo,the Chinese equivalent of Twitter.
Access to several of widely followed crypto-related Weibo accounts was denied, with a message saying each account “violates laws and rules.”
This is just another initiative from the Chinese government in its aim of eradicating any crypto-related activities while accelerating the central bank digital currency testing.
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