Article7 months ago

China's Weibo Purges Dozens of Crypto Influencers, Reflecting Government Crackdown

China's Weibo Purges Dozens of Crypto Influencers, Reflecting Government Crackdown
Summary
    1. Weibo, a popular social media platform in China, has banned 80 crypto influencers for violating cryptocurrency marketing and trading regulations.
    1. The Chinese government's strict stance on digital currencies is reflected in Weibo's actions, raising concerns about the future of the crypto industry in China.
    1. This move by Weibo aligns with the government's efforts to tighten its control over the crypto market, with recent enforcement actions including arrests related to illegal Tether money laundering.

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