China’s largest crypto publications said the country’s most recent crypto ban will have no impact on local crypto media sources as some local crypto sites have relocated their community to other social media platforms such as Twitter and Telegram
China’s ban on crypto will not affect local crypto media sources
While several large Chinese bitcoin publications appear to be closing down, a lot of small news organizations are continuing to operate by utilizing social media platforms such as Twitter.
According to an executive at one of China’s largest crypto publications, the country’s most recent crypto ban will have no impact on local crypto media sources because there are a variety of ways to share industry information.
After the government imposed a new crypto ban in September, the executive, who requested anonymity, informed Cointelegraph on Dec. 1 that some local crypto sites have started relocating their community to other social media platforms such as Twitter and Telegram.
“They’re attempting to disclose more information there while keeping their websites low-key,” the source said, adding, “We can get all the information we need from Twitter.”
“More Chinese people came to Twitter and Telegram, and some of them have great quality,” said another crypto media expert who did not want to be identified.
Local crypto media sources relocates to Twitter and Telegram
They pointed out that the People’s Bank of China ruled all “virtual currency-related economic activity” illegal, prompting several cloud service providers to suspend services to BlockBeats and Odaily.
However, they continued to operate through other domains and moved their attention to posting on Twitter and Telegram, which allowed them to continue posting industry news.
These websites were prohibited, according to a media source, because they are based in Beijing. “The media outside of Beijing is not being censored,” the source claimed. Some cryptocurrency outlets, such as Jinse, Panews, and 8btc, appear to be unaffected by the recent crypto prohibition.
According to the Chinese crypto media executive, the crypto world is doomed to be decentralized, stating:
“There’s always hope for the Chinese crypto industry. We still have information sources and we keep getting more and more users, evangelists, developers and others. There’s nothing to worry about. Everything happens for the best.”
In November, ChainNews, a prominent industry source in China, fell offline.
ChainNews chose to shut down services late that month, according to Cointelegraph’s sources. The most recent post on the publication’s Telegram channel was on November 25. According to data from SimilarWeb, the website received over 1.5 million views last month.
