Chinese regulators have introduced a further hurdle for mainland investors looking to invest in cryptocurrencies by blocking the social media accounts of major cryptocurrency exchanges, Caixin Global reports.
The WeChat account operated by OKEx—an overseas platform that was launched by the leading Chinese crypto exchange OKCoin after its mainland operations were shut down—is no longer live, according to Caixin Global. Instead, a message is displayed explaining that the account has been taken down because it is “suspected of violating rules and laws according to users’ complaints.”
The WeChat accounts of other cryptocurrency companies have also been affected, with users trying to access the feed of Huobi, another major Chinese player that moved overseas after the clampdown began late last year, being told that its account no longer exists.
The move is just the latest measure designed to stamp out China’s formerly booming cryptocurrency market. In September, China became the first country worldwide to ban initial coin offerings (ICOs), and it has since banned crypto exchanges and clamped down on companies mining Bitcoin.