China’s Popular Social Media App, Sina Weibo, Removes 80 Crypto Influencer Accounts

Sina Weibo, one of the most popular social media apps in China with over 258 million daily active users, has removed 80 influencer accounts that were promoting cryptocurrency activities, citing official regulations. These influencer accounts were accused of violating eight regulations related to telecommunications, finance, banking, online marketing, securities, exchanges, and internet security, as they played a significant role in promoting cryptocurrencies. 131 Accounts Removed So Far According to an announcement made on September 5th, a total of 80 crypto influencer accounts with a combined follower count of over 8 million were considered “proactive accounts” by Weibo and were removed. The post China’s Popular Social Media App, Sina Weibo, Removes 80 Crypto Influencer Accounts appeared first on COINTURK NEWS.