China blocks several cryptocurrency-related social media accounts amid crackdown By Reuters – Investing.com

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.