Last month, China’s state council, or cabinet, vowed to crack down on bitcoin mining and trading, escalating a campaign against cryptocurrenciesdays after three industry bodies banned cryptocurrency-based financial and payment services. Over the weekend, access to several widely followed crypto-related Weibo accounts was denied, with a message saying each account “violates laws and rules”. “It’s a Judgment Day for crypto KOL,” wrote a Weibo bitcoin commentator, or key opinion leader (KOL), who calls herself “Woman Dr. bitcoin mini”. Her main account was also blocked on Saturday.
tirsdag 8. juni 2021
China blocks cryptocurrency Weibo accounts in ‘judgment day’ for bitcoin
China has stepped up its crackdown on bitcoin trading and mining, blocking a slew of cryptocurrency-related accounts on the Twitter-like Weibo platform over the weekend. More actions are expected, including linking illegal crypto activities in China more directly with the country’s criminal law, according to analysts and a financial regulator.
Last month, China’s state council, or cabinet, vowed to crack down on bitcoin mining and trading, escalating a campaign against cryptocurrenciesdays after three industry bodies banned cryptocurrency-based financial and payment services. Over the weekend, access to several widely followed crypto-related Weibo accounts was denied, with a message saying each account “violates laws and rules”. “It’s a Judgment Day for crypto KOL,” wrote a Weibo bitcoin commentator, or key opinion leader (KOL), who calls herself “Woman Dr. bitcoin mini”. Her main account was also blocked on Saturday.
Last month, China’s state council, or cabinet, vowed to crack down on bitcoin mining and trading, escalating a campaign against cryptocurrenciesdays after three industry bodies banned cryptocurrency-based financial and payment services. Over the weekend, access to several widely followed crypto-related Weibo accounts was denied, with a message saying each account “violates laws and rules”. “It’s a Judgment Day for crypto KOL,” wrote a Weibo bitcoin commentator, or key opinion leader (KOL), who calls herself “Woman Dr. bitcoin mini”. Her main account was also blocked on Saturday.
