March 6- Chinese regulators are targeting social media accounts used by cryptocurrency exchanges that continue to offer services for Chinese investors, according to a report by Caixin, a Beijing-based business media outlet.
China had unequivocally banned ICO and forced the closure of domestic cryptocurrency exchanges that offered fiat-to-cryptocurrency trading last September, after it most crypto exchanges had moved overseas. While Chinese crypto traders were still able to easily access these platforms (Huobi, OKEx and Binance included) without the help of VPN.
Crypto Exchanges’ WeChat Account Blocked
Obviously, regulator authorities of the country have noticed that, a source close to China’s Internet Financial Regulation Office told Caixin,
“(Internet Financial Regulation Office said) once financial fraud is reported, (person in charge) should be immediately arrested, no matter (it is) onshore or offshore, all should be regulated. (we’re) urging relevant departments to further block the IP addresses of overseas crypto exchange.”
Last Friday, the official WeChat account of OKEx and Huobi were closed, which triggered great panics worrying the government was intervening to block it, while OKEx denied it, but explaining it was a result of user’s complaint report during the 3.15 period. “The user does not exist” pops out when searching OKEx, and links to its previous content are now showing a notification reading:
http://news.8btc.com/china-is-blocking-crypto-exchanges-social-media-accounts-okex-huobi-included
