weibo binance chinese twitter
“Chinese Twitter” Blocks Binance’s Official Account
November 18, 2019
weibo binance chinese twitter
“Chinese Twitter” Blocks Binance’s Official Account
November 18, 2019

China’s microblogging website Weibo, often referred to as “Chinese Twitter” has blocked Binance’s official account.

On Nov. 15 The China Times reported that Binance’s account was blocked purportedly due to violations of the site’s policies.

All content, including Binance’s posts and the number of followers, is currently unavailable as Binance’s Weibo page is blocked. It features a notice that the account has violated provisions of the Weibo Community Convention.

Stringent Penalties For Blockchain Industry in China Could Be The Reason

The stringent penalties for the Blockchain industry in China could be the reason for the account closure. Moreover, Binance recently launched new fiat gateways in China.

Zhu Hongbing, chairman of Singapore Blockchain Technology Foundation adds that Binance’s suspension on Weibo is primarily connected with its initiative to accept fiat currencies through China’s payment giants Alipay and WeChat.

The CEO of Binance, Changpeng Zhao (CZ) confirmed that Binance has started accepting fiat via Alipay and WeChat on Oct. 9.

ALSO READ :  At least 25,000 Of Chinese Blockchain Firms Tried To Issue Their Own Cryptos

Tron’s Weibo Account Also Blocked, While Huobi and OKEx Operational

The Tron Foundation has also had its Weibo account blocked. Meanwhile, the accounts of popular crypto exchanges Huobi and OKEx are still available at press time.

Earlier, China’s President, Xi Jinping, called for the country to accelerate its adoption of blockchain technologies as a core for innovation. Xi made the comments at a Politburo Committee Session on blockchain technology trends on October 24.

Source: CHINA TIMES | Cointelegraph


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.