Specifically, WeChat has recently updated its rules to specify that public accounts on its platform, which are involved in the issuance, trading, and financing of crypto and NFTs, will be limited or banned.
According to the updated rules, WeChat, has put engaging in virtual currency or digital collection business under its Illegal business operations clause and considers it as violating content.
In particular, the affected accounts include those of transaction and exchange businesses between virtual and fiat currency or between cryptocurrencies, those that provide information, mediation, and pricing services for crypto transactions, as well as the accounts involving token issuance financing and cryptocurrency derivatives trading.
Additionally, this rule also covers accounts that provide services or content related to the secondary transaction of digital collections.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.