In its latest assault on cryptocurrency, the Chinese government has blocked multiple crypto-related accounts on Weibo, the Chinese blogging platform, with more steps expected to follow, “including linking illegal crypto activities in China more directly with the country’s criminal law.”
As Reuters reported, “Over the weekend, access to several widely followed crypto-related Weibo accounts was denied, with a message saying each account ‘violates laws and rules.’” A bitcoin commentator known as “Woman Dr. bitcoin mini” on Weibo wrote that “It’s a Judgement Day for crypto KOL.” Chinese authorities blocked the account of the Key Opinion Leader (KOL) on Saturday.
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