WeChat, the instant messaging app owned by Tencent, has banned blockchain and cryptocurrency-related accounts from China. The move is said to be a result of the newly enacted rules by the Chinese government.
Several popular WeChat accounts, including Deepchain, Coindaily, Huobi News and Jinse, have been banned and all the content from the accounts has also been removed. The accounts have received a message from WeChat stating,
“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.”
On August 7th, The Cyberspace Administration of China released a set of rules and regulations for Instant Messaging applications. It states,
“The users of instant messaging tools serving in public information service activities shall abide by relevant laws and regulations. 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.”
It is said that the opinions published on People’s Daily, a media outlet in China, which is popularly known to be the voice of the Chinese Communist Party, is one of the main reasons for the government to establish such rules. Since long, People’s Daily has been criticising the crypto media outlets in China, accusing them of ‘manipulating the cryptocurrency market’.
Image via Shutterstock
Join our Telegram group