Blockchain and Cryptocurrency Media Banned from WeChat App in China
Crypto and Blockchain media accounts have been banned from the WeChat app in China. This shows that the crypto ecosystem in the country continues to be repressed. Lanjiner, a recognized China-based financial news site, informed broke the news this week.
Crypto Media Accounts Banned from WeChat
Chinese crypto-enthusiasts will not be able to follow cryptocurrency media accounts on WeChat. One of the affected sites is Jinse, backed by Node Capital and Deepchain. As per Jinse’s official Wechat account, there are no previous articles shown. Indeed, there is a text that says that the account has been banned.
The message displayed explains:
“Due to users’ complaints and after the platform’s examinations, the account is found to violate ‘Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging Tools’ and all contents have been banned. The account has been prohibited to use.”
Moreover, the message appears on the account pages for Deepchain, Huobi News and CoinDaily, among others.
At the moment, there is no information about the time of the suspension of the accounts. The Chinese government has taken a very hard stance towards virtual currencies and Initial Coin Offerings (ICOs).
Back on August 7, the Cyberspace Administration of China released the ‘Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging Tool.”
This release wrote that if a user violates the rules, the messaging service provider is able to take measures to restrict or close the accounts.
The release states:
“The users of instant messaging tools serving in public information service activities shall abide by relevant laws and regulations. For instant messaging service users who violate the agreement, the instant messaging service provider shall take measures such as warning, restriction, suspension, and closure until the account is closed“
China banned ICOs and crypto trading activities in the country at the end of 2017. However, the government has backed blockchain technology projects. Distributed ledger technology (DLT) has been embraced by a wide range of companies in the country.