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Saturday, July 24, 2021

Chinese social network Weibo has blocked accounts of exchanges Binance, OKEx and Huobi

The most popular social network in China, Weibo, has without warning blocked the accounts of four major cryptocurrency exchanges: Binance, OKEx, Huobi and MXC.

On the pages of cryptocurrency exchanges on Weibo, it is indicated that accounts have been deleted due to violation of the laws and regulations of the social network, but no specific information was provided. At the same time, the social network can block accounts both on its own initiative and at the direction of the Chinese government. At the same time, it is Binance, Huobi and OKEx that are the most popular platforms among the Chinese cryptocurrency community.

This is not the first time cryptocurrency accounts on Weibo have been blocked, but there has never been a simultaneous blocking of accounts of several cryptocurrency exchanges at once. Huobi is already in dialogue with the administration of the social network, other exchanges have not yet commented on the situation.

Recently, cases of blocking accounts related to cryptocurrencies have become more frequent. On March 10, Twitter blocked several accounts of cryptocurrency analysts and opinion leaders, but later most of the blocks were removed.

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