Video platforms in China have been banned from publishing videos about digital assets

The China Netcasting Services Association believes that the measures taken will help protect the stability of the PRC's socialist system

18.12.2021 - 10:30

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1 min

What’s new? The Chinese government intends to get rid of cryptocurrencies in every way possible, thereby suppressing interest in the sphere through various bans. This time, the China Netcasting Services Association (CNSA) has banned its members from publishing videos that mention digital asset trading and mining. The restrictions primarily affected short video services like Douyin (the local equivalent of TikTok).

Information on the CNSA website

What does the government institution say? The organization believes that these measures will help improve the quality of information and protect the stability of the PRC's socialist system:

“In order to improve the quality of short video content, limit the spread of false and malicious content and create a clean cyberspace, these rules have been formulated in accordance with national laws and regulations.”

What else has CNSA banned? Most of the topics were already banned in one form or another before the industry association's rules were introduced in 2019. The organization now taboos the publication of information that discredits the ideology and principles of socialism, insulting the ruling party or country.

Ben Cavender, a senior analyst at China Market Research Group, said: