Weibo purges cryptocurrency accounts amid bitcoin volatility as Beijing continues its crypto crackdown


Source: scmp.com scmp.com

Key Topics in this News Article:

News Snapshot:

Chinese microblogging platform Weibo has banned several influential cryptocurrency accounts following Beijing’s pledge to ramp up a crackdown on bitcoin mining and trading. At least a dozen popular Weibo users who post content about cryptocurrencies found themselves unable to use their accounts on Saturday night. Other users who attempted to access those pages were greeted with a message saying the accounts had violated Weibo guidelines and “relevant laws and regulations”. “The account I’ve been using for years is suddenly gone,” one of the banned users posted to the platform under a new account called Professor Hash. “But I’m OK with...