China blocks crypto-related social media accounts amid crackdown

China blocks crypto-related social media accounts amid crackdown

Weibo, a Chinese microblogging platform similar to Twitter, has blocked various accounts linked to cryptocurrency over the weekend.

South China Morning Post reports that about 12 crypto influencers on Weibo found themselves unable to use their accounts on Saturday night.

Other users who attempted to access posts by the banned influencers were greeted with a message saying the accounts had violated Weibo’s guidelines and “relevant laws and regulations.”

In May, the Chinese government pledged to crack down on Bitcoin mining and trading.

China’s financial stability and…

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