Article • about 1 year ago
China's Weibo Purges Dozens of Crypto Influencers, Reflecting Government Crackdown
Summary
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- Weibo, a popular social media platform in China, has banned 80 crypto influencers for violating cryptocurrency marketing and trading regulations.
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- 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.
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- 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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