China Allegedly Blocks Crypto Exchanges on Social Media

According to some speculations, Chinese regulators are currently blocking social media accounts involved in cryptocurrency exchanges.
As reported by local website Caixin, authorities have shut down some exchanges’ channels on China’s biggest social messaging app, WeChat.
An example of this is the case of OKEx on WeChat which appears to have been blocked. In lieu of the links to the previous content is a notification that says: “The platform may have violated relevant laws and regulations after being reviewed per users’ complaints. The account is currently blocked and content is not available.”
As the company denies any form of interference by regulators, Caixin puts emphasis on the fact that WeChat censorship is a result of heightened observation on platforms that still offer cryptocurrency services to Chinese investors.
In a report by Coindesk: OKCoin which used to be a China-based major cryptocurrency exchange, has moved overseas due to the country’s  ban on Initial Coin Offerings (ICO). Despite its move, it still catered to Chinese investors through their official account on WeChat.
In addition to the Caixin report, they also said that regulators are finding a way to establish a law that orders the block of IP addresses of overseas crypto exchange.

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