News Snapshot:
Chinese authorities are targeting online discussions and the promotion of cryptocurrencies, the country’s internet regulator said, in a new campaign launched since banning the trading of the digital assets last year The Cyberspace Administration of China (CAC) has ordered social media platforms to terminate 12,000 cryptocurrency-related accounts, the internet watchdog said on Tuesday, as Beijing continues to ramp up its crackdown on the industry. Nearly a thousand of the accounts that were closed had been “guiding” internet users to invest in cryptocurrencies “in the name of financial innovation and blockchain”, the CAC said in a statement. Shanghai’s Web3 support draws...
