THELOGICALINDIAN - Chinas best accepted messaging app WeChat has been asked to shut bottomward the accounts of several blockchain and cryptorelated account outlets as new regulations are enforced
According to the latest cheep by Dovey Wan — the Managing Director of Dhanua Capital, a California-based adventure basic fund — the Chinese government authorities accept appear an official adjustment allurement to ban all the cryptocurrency-related bartering activities and events.
As China has already alien a blanket ban on all crypto trading and barter operations, the latest ban circulates added about advice channels overextension the ‘crypto word.’ The new adjustment follows the latest cease of several crypto-focused account outlets accepting their official accounts on WeChat.
By Tuesday evening, about eight cryptocurrency-focused account outlets bankrupt their official WeChat accounts. The acumen cited is that the account channels accept been actionable the newly issued guidelines by China’s top internet watchdog, the Cyberspace Administration of China. Some of the accepted account outlets accommodate Lanjiner, Jinse, Huobi, and Deepchain.
Earlier this month, on August 7, the Cyberspace Administration of China alien the ‘Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging Tools’ guidelines — the acumen for this latest crackdown on accepted advice networks.
Tencent, the ancestor aggregation of WeChat, has clearly confirmed, adage that the abeyance is abiding as the crypto account outlets are “suspected of publishing advice accompanying to ICOs [initial bread offerings] and speculations on cryptocurrency trading.”
The new rules additionally ask the agreeable providers application babble apps to accede with the ‘public orders’ and ‘national interests.’ It additionally states:
Despite a clampdown on crypto-trading and barter operations aftermost year, Chinese blockchain account outlets accept been accepting in acceptance — with millions of circadian viewers. Some of the account platforms additionally accustomed massive venture basic funding to aggrandize its operations, admitting actual beneath the analysis of the Chinese government.
Earlier this year, bounded advertisement People’s Daily — considered the advocate of the Chinese Communist Party (CCP) — claimed that media and account outlets accept a role to crypto bazaar manipulation.
It looks as if the Chinese authorities are in no affection to stop anywhere until they broadcast any and every crypto-related action demography abode in the country.
Can Chinese authorities absolutely ban all sorts of crypto-related activities? Share your thoughts below!
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