Chinese government reportedly tightens its grip on all cryptocurrency activity in the country. Today WeChat according to a local news outlet Caixin blocked an official account of OKex exchange. Upon accessing any posted links, a notification plainly states:
The platform may have violated relevant laws and regulations after being reviewed per users' complaints. The account is currently blocked and content is not available.
OKCoin originally was a significant player in the cryptocurrency exchanges platform in China. It operated on crypto-to-crypto basis. Due to the ICO ban in China, the exchange moved overseas into OKex. Consequently, to sustain constant communication it used WeChat for information distribution. The messaging app developer company denies any involvement in the incident.
As of the present moment another major platform Huobi that is also located overseas remains active at WeChat. Huobi continues to be available in mainland China and to list new ICOs and in doing so taunts the Chinese established measures. Chinese regulators are allegedly looking for means to enhance the 'crypto-ostracism' by blocking the IP addresses of the overseas cryptocurrency exchanges.