WeChat messenger, developed by the Chinese technological giant Tencent, baned media accounts connected to blockchain and cryptocurrencies. This is reported by CoinDesk with reference to a local source.
Among the affected WeChat accounts there are: Jinse, supported by Node Capital, and Deepchain, which developed several crypto-currency funds at once. When you switch to these accounts, you receive a message stating that they are blocked "due to user complaints." A similar message appears when switching to Huobi News and CoinDaily accounts.
Due to users' complaints and after the platform's examinations, the account is found to violate 'Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging Tools' and all contents have been banned. The account has been prohibited for use.
The reason for blocking WeChat accounts is still unknown. However, newly-enacted rules from China's government may have played a factor.
The users of instant messaging tools serving in public information service activities shall abide by relevant laws and regulations. For instant messaging service users who violate the agreement, the instant messaging service provider shall take measures such as warning, restriction, suspension, and closure until the account is closed, meanwhile saving the relevant records and fulfilling the obligation to report to the relevant authority.
The Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging Tool
In March, the national publication People's Daily severely criticized Chinese news sources about the blockchain and crypto-currencies, arguing that they help to manipulate the market.