Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of the state on crypto trading and mining.
Sina Weibo Suspends Crypto-Related Accounts
Sina Weibo, the Chinese substitute for Twitter, has recently banned the accounts of a large amount of cryptocurrency and decentralized finance (defi) related accounts from its platform. This was announced by Colin Wu, a local cryptocurrency journalist, using his Twitter account dubbed “Wu Blockchain.” According to the reporter, this might be the logical continuation of the latest crackdown the Chinese government is orchestrating to ban trading and mining in its territory.
Wu states the suspension of these accounts can have an impact on how Chinese traders conduct business from now on, due