WeChat bans crypto media accounts

Posted 22 August, 2018

Chinese messenger service WeChat run by Tencent has reportedly banned all mass media accounts that are connected with cryptos and blockchain technologies. 

According to the local media, the ban hit such accounts as Huobi News, Coin Daily, Jinse backed by Node Capital and Deepchain (the project developed by several crypto funds). The users get a notice that this account is banned in line with the users' complaints as well as due to forbidden content.

"Due to users' complaints and after the platform's examinations, the account is found to violate 'Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging Tools' and all contents have been banned. The account has been prohibited for use," the statement reads.

As a result, it is possible that these measures were taking after China's Cyberspace Administration announced the Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging Tool on August 7.

According to the rules:

"For instant messaging service users who violate the agreement, the instant messaging service provider shall take measures such as warning, restriction, suspension, and closure until the account is closed, meanwhile saving the relevant records and fulfilling the obligation to report to the relevant authority."

Earlier this year, the local media connected with blockchain and cryptos faced strong critics. Specifically, they were blamed for assisting in price manipulations.

 

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22 August, 2018 14:57

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