Chinese social media giant Weibo reportedly bans crypto-related accounts

Chinese social media giant Weibo reportedly bans crypto-related accounts

China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly suspended several popular Bitcoin (BTC) and crypto-related content creators on the platform.

According to local reports, at least a dozen crypto influencers on Weibo have been unable to use their accounts on Saturday night. Weibo greeted other users who visited suspended accounts with a message saying the banned accounts have violated Weibo guidelines and “relevant laws and regulations.”

A Weibo user nicknamed Woman Dr. bitcoin mini, who saw her account was blocked on Saturday, called Weibo’s action a Judgment Day crypto influencers.

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NYU law school adjunct professor and former China Investment Corporation managing director Winston Ma said, “The Chinese government makes it clear that no Chinese version of Elon Musk can exist in the Chinese crypto market.”

The academic was alluding to Elon Musk’s controversial influence over cryptocurrency markets on social media. 

Ma also expects China’s supreme court to publish a

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