Cryptocurrency News

WeChat Now Blocked Mining and Market Prediction Accounts From Its Platform.

WeChat is a famous Chinese multi-purpose messaging, social media and mobile payment app developed by Tencent. Earlier this year, WeChat announced to block all the crypto related accounts from its platform, currently its now targeting those accounts too which distribute content for the sales of miners and market price analysis.

The official sales channel of bitcoin mining company ‘Bitmain’ with the WeChat ID “antminersale,” seems to be blocked by the WeChat since Monday. As at press time, sorting out content antecedently distributed by the account ends up in a page that claims it’s desecrated relevant rules.

The notice states:

“Following users’ complaints, the platform ‘WeChat’ has reviewed and discovered that this account – while not having required licensed credentials – has been publishing and distributing data of relevant businesses it’s connected with.”

However, another Bitmain official account that enlists product data for mining instrumentality – “antminer_official” –  is still active, as during the press time.

Recently, WeChat – the foremost widespread communication tool in China – has slo conjointly made its move to block accounts that were connected with the cryptocurrency market predictions and analysis.

Moreover, the official account of a blockchain project named ‘Delphy’ which is an Ethereum-based application for price market predictions, also seem to be blocked since this Monday.

In all the cases, the common reason mentioned by the WeChat for the censorship is same as declared on Bitmain’s sales channel.

The move comes shortly after Tencent was recently targeted by many major digital currency media sources in China, that the platform is allegedly used in distributing fake tokens.

So far, over thirty official accounts with reference to blockchain and cryptocurrency have been blocked by the WeChat.

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