China has closed more than 12 000 accounts in social networks because of cryptocurrency advertising, Crypto-Upvotes experts
Major internet platforms in China have deleted more than 51,000 posts with illegal information about digital assets
China has blocked more than 12,000 accounts on local social networks. Their owners promoted and advertised cryptocurrency. This was reported by publication “Net Letter China” in its official account WeChat. In addition to closing accounts, Weibo, Baidu and other Chinese web platforms have deleted more than 51,000 posts with illegal advertising. Which advertises easy earnings through investing in cryptocurrencies.
Local units of Cyberspace Administration of China (CAC) have been tasked with interviewing more than 500 commercial entities. They have been asked to remove illegal content.
Find accounts, articles, and websites that publish information about cryptocurrencies. This year, users of these social networks themselves actively helped and reported these violations. CAC also plans to continue cooperating with other Chinese agencies. To strengthen the fight against illegal cryptocurrency activity and improve security of funds.
In late June, China’s largest messenger WeChat, updated its usage rules to prohibit posting information about services and services related to cryptocurrency or NFT.
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