China’s internet censor has struck again – and says it will continue to carry out a national crypto crackdown after closing thousands of crypto-related social media accounts and ordering the deletion of tens of thousands of crypto-themed posts.
Per Yicai, the censor, the Cyberspace Administration of China, says it has closed down some 12,000 accounts – mainly on the Sina-owned Weibo platform and Baidu’s Baidu Tieba. Some 51,000 posts have been deleted and 105 websites were pulled offline.
These sites included the likes of Bi Toutiao, which reportedly hosted “cryptocurrency marketing” materials, published tutorials explaining how Mainland Chinese citizens could conduct cross-border transactions despite the crackdown, and even advised Chinese readers on how to engage in crypto mining.
Beijing has been particularly keen to stamp out the latter form of activity, although a large number of BTC miners are thought to still be plying their trade in Mainland China.
The administration stated...
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