News Snapshot:
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...
