China have continued their onslaught against cryptocurrency – this time with some bite, consequently sending the market prices south.
- The Asian country have blocked key opinion leaders on Weibo (China’s biggest social media platform).
Chinese journalists, WuBlockchain, who specializes in covering cryptocurrency news tweeted about it earlier today.
“Breaking: On Weibo (China’s Twitter), a large number of cryptocurrency KOL accounts have been blocked. This is the harshest suspension of crypto in history, and it may be a response to Beijing’s crackdown policy.” Wu said in a tweet.
- Many people believe this development confirms the government’s intention to fufil their threats of banning cryptocurrency.