China Blocks Several Cryptocurrency-related Social Media Accounts Amid Crackdown
Voice of America
SHANGHAI - A slew of crypto-related accounts in China's Twitter-like Weibo platform were blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining.
More actions are expected, including linking illegal crypto activities in China more directly with the country's criminal law, according to analysts and a financial regulator. Last month, China's State Council, or cabinet, vowed to crack down on bitcoin mining and trading, escalating a campaign against cryptocurrencies days after three industry bodies banned crypto-related financial and payment services. Over the weekend, access to several of widely followed crypto-related Weibo accounts was denied, with a message saying each account "violates laws and rules."Journalists lay down their equipment as they protest the latest draft revision of the broadcasting law, which they consider a threat to press freedom, in Banda Aceh, Indonesia, on May 27, 2024. Journalists protest the latest draft revision of the broadcasting law, which they consider a threat to press freedom, in Banda Aceh, Indonesia, on May 27, 2024.
A Ukrainian serviceman carries a U.S. Stinger air defense missile launcher in a trench on the front line in Zaporizhzhia region, Ukraine, May 28, 2024. Ukrainian President Volodymyr Zelenskyy and Portuguese Prime Minister Luis Montenegro, right, sign bilateral agreements at the Sao Bento Palace, the premier's official residence, in Lisbon, May 28, 2024.