It seems the Chinese are busy trying to contain the free flow of anonymous value exchange between individuals, doubling down on their efforts by attempting to block crypto exchanges on social media. The Chinese government is trying to block the accounts on social media that are owned by crypto exchanges. Good luck containing the Genie out of the bottle, China.
|Caixin: China Now Blocking Crypto Exchanges on Social Media|
Chinese regulators are reportedly blocking social media accounts held by cryptocurrency exchanges that still offer services in the country.
According to a report by Caixin today, authorities have shut down some exchanges’ channels on China’s dominant social messaging app, WeChat.
In one example, the official account of OKEx on WeChat has been blocked, while 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.”
While the company has apparently denied interference by regulators, Caixin said it has confirmed that the WeChat censorship is a result of tightened official oversight on platforms that still offer cryptocurrency services to Chinese investors.