Crypto Live News
Chinese social media giant Weibo has banned the accounts of 80 cryptocurrency influencers as part of its ongoing crackdown on crypto-related activities. The move comes just weeks after China’s State Council announced a clampdown on bitcoin mining and trading, leading to a sharp decline in the value of major cryptocurrencies. Experts suggest that the government’s campaign against virtual currencies is part of a wider effort to control financial risks in the country. As of now, cryptocurrency-related content, including exchanges, initial coin offerings (ICOs), and token sales, is prohibited on Weibo.
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