Chinese Messaging App WeChat Set To Ban All Accounts Associated With Crypto A...

Chinese Messaging App WeChat Set To Ban All Accounts Associated With Crypto A...

The crypto industry has experienced a lot of turmoil since 2021 till date. There have been many calls for regulations, mining bans, crypto gain taxes, etc. All these issues have made the sector very uncomfortable for investors. Of course, amid all that, the latest market crash hasn’t helped the situation either. But it seems that […]


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WeChat Bans Multiple Accounts Associated With NFTs Trading

Tencent Holdings’ WeChat has suspended various accounts that promote digital collectibles, a term that is commonly used in China to refer to non-fungible tokens (NFTs) that cannot be purchased or traded using cryptocurrencies. WeChat — China’s biggest and most popular social media platform with a user base of over 1.2 billion — said that the primary […]

China’s WeChat bans crypto and NFT-related accounts

The policy also covers secondary NFT trading as the firm notes that “accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt with.” The top social media platform in China, WeChat, has updated its policies to ban accounts that provide access to crypto or NFT-related services. Under the new guidelines, accounts involved with the issuance, trading, and financing of crypto and NFTs will be either restricted or banned and will fall under the “illegal business” category. The policy also covers secondary NFT trading, with the firm....