According to reports, the Chinese regulators to block the social media accounts of cryptocurrency exchanges, which continue to offer their services in the country. According to an article in Caixin, the government blocked the channels of some of the exchanges in WeChat, the biggest chat app in China.
For example, the official account of the exchange OKEx on WeChat was blocked, and when you click on the links for all previous posts of a platform the following message appears:
«Platform allegedly violated the relevant laws and regulations, that it was found after complaints of users on the account. Currently the account is locked and content unavailable».
Although representatives deny the application regulatory intervention, the message is confirmed to Caixin that censorship on WeChat is a result of tightening official control over the platforms that continue to offer cryptocurrency services for Chinese investors.
After the ban
on initial placement of tokens (ICO) and the ensuing ban on trading digital currencies the people’s Bank of China in September of last year, OKCoin, once the largest cryptocurrency exchange in China, moved the cryptocurrency trading on a platform OKEx abroad.
As the platform continues to offer services to Chinese investors and its official channel on WeChat has become the main way of distributing information among users. The channel exchange Huobi.com similarly working with the Chinese traders, is available in WeChat.
In the message Caixin added that regulators are also working to encourage law enforcement agencies to block IP addresses to foreign cryptocurrency exchanges. The attention of the authorities was drawn to the fact that stock exchanges sell token-ICO, thus ignoring the ban on the ICO offer to Chinese investors.