Chinese messenger WeChat imposed restrictions on content about cryptocurrencies
The platform will block accounts that disseminate information about digital assets
21.06.2022 - 11:45
369
1 min
0
What’s new? Chinese messenger WeChat, which has an audience of more than 1,2 billion users, will start blocking accounts related to cryptocurrencies and NFTs. The platform’s new rules prohibit mentions of digital assets and non-fungible tokens, including information on services and services, issuance and transactions, as well as recommendations and guidance.
What will happen to violators? WeChat will send a notification to the user if banned information is detected. In this, the messenger will restrict some functions of the account and give a certain period to rectify. If the information is not removed, the platform will block the account.
In September 2021, the People’s Bank of China banned all financial activities related to cryptocurrencies. In April 2022, the China Internet Finance Association, the China Banking Association, and the China Securities Association proposed a set of restrictions for dealing with NFTs.
The number of NFT marketplaces in China increased five-fold since February, with more than 500 platforms operating in the country. Interest in digital collectibles continues to grow despite warnings from the authorities about their dangers.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$97 152
BTC
+3.69%
-
Ethereum
$3 325.17
ETH
+7.71%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.11
XRP
+1.48%
-
Dogecoin
$0.383104
DOGE
+1.24%
-
Cardano
$0.785957
ADA
-4.15%
-
Bitcoin Cash
$481.21
BCH
+9.3%
-
Polkadot
$5.79
DOT
+0.18%
-
Stellar XLM
$0.239946
XLM
-5.26%
-
Litecoin
$88.28
LTC
+4.75%