China blocks several cryptocurrency-related social media accounts amid crackdown By Reuters – Investing.com
- Date: 07-Jun-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
China blocks several cryptocurrency-related social media accounts amid crackdown By Reuters – Investing.com
SHANGHAI (Reuters) - A slew of crypto-related accounts in China's Twitter-like Weibo (NASDAQ:) platform were blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining.
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 cryptocurrencies days after three industry bodies banned crypto-related financial and payment services.