Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypt...
Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of the state on crypto trading and mining. Sina Weibo Suspends Crypto-Related Accounts Sina Weibo, the Chinese substitute for Twitter, has recently banned the accounts of a large amount of cryptocurrency and decentralized finance (defi) related....
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Chinese bitcoin exchange BTC China has stopped accepting RMB deposits to user accounts from a major bank, revealing the move in a post on its Weibo page. Management decided to proactively halt deposits from one of the country's largest banks, China Merchants Bank, after the bank posted on its public website that it would no longer allow its customers to engage in bitcoin-related transactions, and said essentially it would require all such businesses to close their accounts. Withdrawals to China Merchants Bank accounts and transactions with other banks remain unaffected, at least for the....
Growing tired of the China situation? I've long since lost my marbles when it comes to the situation, but some news coming from BTC China on Saturday is making its rounds throughout the crypto-sphere. The exchange, which saw monumental levels of trading activity last year (and still does today, although not as much), announced that they have stopped accepting CN¥ (also referred to as the RMB, Renminbi) deposits to trading accounts. The announcement came in the form of post on the exchange's Weibo page (Weibo is a Chinese social network). Translated provided by bitcoin news website....
The government doesn’t want a Chinese version of Elon Musk, an expert said. China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly suspended several popular Bitcoin (BTC) and crypto-related content creators on the platform.According to local reports, at least a dozen crypto influencers on Weibo have been unable to use their accounts on Saturday night. Weibo greeted other users who visited suspended accounts with a message saying the banned accounts have....
Popular crypto influencers in China are facing a harsh reality as Beijing-based social media giant Weibo recently purged 80 of its most prominent crypto influencers. This move comes as China maintains its strict crackdown on cryptocurrency activities within its borders. Weibo’s action reflects the Chinese government’s ongoing stringent stance on digital currencies, raising concerns about […]
AgBank — the world's third-largest bank by assets — has indicated it will follow the PBoC's cue and work to stamp out its clients' crypto-related activities. The Agriculture Bank of China (AgBank) — the world's third-largest bank by assets — is set to implement Beijing's firm anti-cryptocurrency measures and rigorously vet its clients to ensure they are not engaged in any form of illegal activities involving crypto transacting, trading or mining.Agbank's statement today followed the institution's meeting with the People's Bank of China (PBoC), which convened major domestic banks and mobile....