China shuts 13,000 social media accounts for promoting crypto investment ⋆ ethereum today news bitcoin and crypto altcoins blockchain


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China has shut down nearly 13,000 accounts advocating cryptocurrency investments on popular Chinese social media platforms this year, deleted 51,000 related posts and closed 105 websites offering crypto-related information, the Cyberspace Administration of China (CAC) announced on Tuesday. See related article: Tencent to cut domestic NFT marketplace team, look overseas: report Fast facts The CAC said the account-deletion campaign is to enforce the decisions of China’s Communist Party, adding that it identified many accounts based on tips from users on social media. CAC said it would continue to suppress illegal financial activities related to cryptocurrencies in cooperation with other authorities....