China’s war against cryptocurrencies continues

China is implementing a new restriction against cryptocurrencies every day. This time, various websites and social media accounts sharing information about cryptocurrencies were banned.

Known for its anti-crypto stance, China has shut down 13,000 social media accounts for promoting crypto investment. The China Cyberspace Administration (CAC) announced that it has deleted 51,000 crypto-related posts and shut down 105 websites that offer crypto-related information. He closed nearly 13,000 accounts on social media platforms defending cryptocurrency investments. 

CAC said it will continue to suppress illegal financial activities related to cryptocurrencies in cooperation with other authorities. In addition, to remind you, China banned trading with cryptocurrencies and mining cryptocurrencies last September . The CAC added that the account deletion campaign was to enforce the decisions of the Chinese Communist Party and that it detected many accounts based on cues from users on social media. 

Finally, to remind you, WeChat, one of the most popular instant messaging and calling applications in China, had banned crypto-related accounts on its platform.

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