According to reports, Chinese social media giant Weibo bans encryption-related accounts

According to reports, China’s crackdown on cryptocurrencies has spread to social media. According to reports, Weibo is a Weibo service similar to Twitter in China, with more than 530 million monthly active users and reportedly suspended several popular Bitcoins (Bitcoin) And the creator of encryption-related content on the platform.

According to local reports, at least a dozen cryptocurrency influencers on Weibo were unable to use their accounts on Saturday night.Weibo greet Other users who accessed the suspended account left a message saying that the banned account violated Weibo guidelines and “relevant laws and regulations.”

A Weibo user nicknamed “Bitcoin Mini Female Doctor” saw her account blocked on Saturday, saying that Weibo’s behavior was a cryptocurrency influencer on Judgment Day.

Marvinston, adjunct professor at New York University School of Law and former managing director of China Investment Corporation Say“The Chinese government has made it clear that there is no Chinese version of Elon Musk in the Chinese cryptocurrency market.”

The scholar alluded to Elon Musk Controversial impact The cryptocurrency market on social media.

According to reports, Ma also expects that China’s Supreme Court will soon issue a judicial interpretation linking crypto mining and trading businesses with China’s criminal law.

The government’s negative stance on cryptocurrency has been responded to in all aspects of the Chinese industry.After the Beijing authorities started investigating Encryption mining data center energy consumption In April, Bitcoin mining became a risky operation in the country. After that, major miners announced that they would cease operations in the country.

Last week, China’s Hainan Provincial Financial Regulatory Agency Warn citizens to watch out for illegal fundraising activities Use digital currency or blockchain as promotional materials to declare that illegal token issuance and financing activities are prohibited.

Cointelegraph contacted Weibo for comments and will update this article if they respond.