China Shuts Down Cryptocurrency and Blockchain News Accounts on WeChat

[fitload]

China has shut down several blockchain-related news accounts on the WeChat social app, one of China’s top social apps and banned hotels in downtown Beijing from hosting events promoting cryptocurrencies.

WeChat is currently one of the world’s largest platform with more than 1 Billion active users worldwide. WeChat has support for ‘Mini-Programs’ where developers can create applications to run within the messaging platform.

The shutdowns are the latest instance of China’s continuing crackdown on cryptocurrencies, which began last September with bans on local cryptocurrency exchanges and ICOs, an unregulated crowd fundraising method involved with cryptocurrencies and often associated with scams.

Links to all previous content are now merely showing a notification that reads:

“The platform may have violated relevant laws and regulations after being reviewed per users’ complaints. The account is currently blocked and content is not available.”

The ban includes the accounts of some of the biggest cryptocurrency...

Read More: https://news.bitzamp.com/china-shuts-down-cryptocurrency-and-blockchain-news-accounts-on-wechat/

[Altcoinstalks User]

Is this the reason for the decline of Bitcoin price? Or would this be the reason for a foreseeable down price on bitcoin? We know most Bitcoin pools are in china.

[JasmineRose]

It's bad news... i know china can make cryptocurrency price are go down. Hope china will change thats to receive cryptocurrency

[Speaker]

Not only WeChat banned everything related to cryptocurrency.Baidu also took such measures. China is actively fighting with cryptocurrency and wants to limit its citizens in trade.