80 Chinese language crypto influencer accounts shut down in newest crackdown

Sina (BitStamp:) Weibo (NASDAQ:) — one of the crucial well-liked Chinese language social media apps, with over 258 million every day lively customers — has eliminated 80 influencer accounts selling cryptocurrency actions, citing official laws.

In response to the Sept. 5 announcement, 80 crypto influencer accounts, with over 8 million whole followers, had been “proactively eliminated” by Weibo. The accounts had been accused of breaching eight laws associated to telecommunications, finance, banking, on-line advertising, securities, exchanges and web security for his or her position in selling cryptocurrencies.

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