Popular Chinese Messaging Platform WeChat Prohibits Accounts Dealing in NFT, Crypto Services


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Popular Chinese Messaging Platform WeChat Prohibits Accounts Dealing in NFT, Crypto Services Technology By Alex Smith On Jun 24, 2022 0 Share (adsbygoogle = window.adsbygoogle || []).push({}); After a public crackdown by the Chinese government on anything that has to do with cryptocurrency, one of China’s most popular instant messaging and calling apps in WeChat has now banned crypto-related accounts on its platform. As suggested by reports, accounts that issue, trade, and finance crypto and non-fungible tokens (NFTs) will be restricted under the new rules and will be classified as ‘illegal business’. Section 3.24 in the updated WeChat “Code of...