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China blocks a number of cryptocurrency-similar social media accounts amid crackdown

Representations of Bitcoin cryptocurrency are seen in front of an picture of Chinese flags in this illustration photograph taken June 2, 2021. REUTERS/Florence Lo/Illustration

A slew of crypto-related accounts in China’s Twitter-like Weibo system were being blocked about the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining.

Extra actions are expected, like linking unlawful crypto things to do in China a lot more specifically with the country’s prison regulation, in accordance to analysts and a economic regulator.

Last thirty day period, China’s Point out Council, or cabinet, vowed to crack down on bitcoin mining and buying

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