{"id":3945,"date":"2021-06-06T19:03:40","date_gmt":"2021-06-06T18:03:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=3945"},"modified":"2021-06-06T19:13:10","modified_gmt":"2021-06-06T18:13:10","slug":"top-chinese-site-weibo-bans-multiple-crypto-accounts","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/top-chinese-site-weibo-bans-multiple-crypto-accounts\/","title":{"rendered":"Top Chinese Site, Weibo Bans Multiple Crypto Accounts"},"content":{"rendered":"\n
Sina Weibo<\/a>, a Chinese microblogging website, banned many crypto<\/a> accounts. Weibo is one of China\u2019s biggest social media platforms, with over 445 million monthly active users.<\/h5>\n\n\n\n
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According Wu Blockchain, which provides news and analysis on China\u2019s cryptocurrency industry, first noticed the ban. The firm said this is the harshest suspension of crypto accounts in history. However, it may be a response to Beijing\u2019s crackdown policy.<\/p>\n\n\n\n

Wu Blockchain announced the news on its Twitter account on Saturday afternoon. \u201cOn Weibo (China\u2019s Twitter), a large number of cryptocurrency KOL accounts have been blocked,\u201d the firm said.<\/p>\n\n\n\n

See Tweet Below:<\/p>\n\n\n\n

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Source: Twitter\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/strong><\/figcaption><\/figure>\n\n\n\n

More so, it looks like the Chinese crackdown on cryptos last month is continuing to affect the Chinese crypto community. Moreover, it reached the popular social media platform Weibo, the Chinese equivalent of Twitter.<\/p>\n\n\n\n

Furthermore, let\u2019s note that China has banned financial institutions and payment firms from offering services related to crypto transactions. Also, it urged investors over speculative crypto trading.<\/p>\n\n\n\n

Under the ban, some companies, such as banks and online payment channels, must not offer clients any service that includes crypto. This includes enrollment, trading, clearing, and pay.<\/p>\n\n\n\n

However, this move was not Beijing\u2019s first move against crypto. In 2017, China shut down its local crypto exchanges, choking an uncertain market that had reported 90% of global Bitcoin (BTC) trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sina Weibo, a Chinese microblogging website, banned many crypto accounts. Weibo is one of China\u2019s biggest social media platforms, with over 445 million monthly active users. According Wu Blockchain, which provides news and analysis on China\u2019s cryptocurrency industry, first noticed the ban. The firm said this is the harshest suspension of crypto accounts in history. […]<\/p>\n","protected":false},"author":63,"featured_media":3946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[132],"class_list":["post-3945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/06\/images-2021-06-06T185644.867.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=3945"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/3946"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=3945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=3945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=3945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}