China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo (NASDAQ:WB), 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.”