Business
China intensifies crackdown on Bitcoin trading, mining
A slew of crypto-related accounts in China’s Twitter-like Weibo platform have been blocked as Beijing stepped up a crackdown on bitcoin trading and mining.
More actions are expected, including linking illegal crypto activities in China more directly with the country’s criminal law, according to analysts and a financial regulator.
Last month, China’s State Council, or cabinet, vowed to crack down on bitcoin mining and trading, escalating a campaign against cryptocurrencies days after three industry bodies banned crypto-related financial and payment services, according to Reuters.
READ ALSO: 80 percent of bandits confess they’re tired—Gumi
Over the weekend, access to several of widely followed crypto-related Weibo accounts was denied, with a message saying each account “violates laws and rules.”
“It’s a Judgment Day for crypto KOL”, wrote a Weibo bitcoin commentator, or key opinion leader (KOL), who calls herself “Woman Dr. Bitcoin mini.” Her main account was also blocked on Saturday.
-
Latest6 days agoHigh Court opens hearing on Goodluck Jonathan’s 2027 presidential eligibility
-
Crime7 days agoServing police officers arrested with firearms amid escalating Cross River communal crisis
-
Latest5 days agoNigerian Senate reverses standing orders amendment over constitutional concerns
-
Latest3 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Business14 hours agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Crime22 hours agoBritish-Nigerian prisoner escapes after mistaken release from custody
-
Business15 hours agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity
-
Featured10 hours agoWike dismisses political speculation over meeting with APC Chairman Yilwatda