Voyager

WeChat, the popular Chinese messaging app owned by Tencent (TCEHY), is reportedly banning cryptocurrency and blockchain-related media outlets from its platform.

According to a breaking report by Chinese finance media company Lanjinger, at least 15 major media outlets have been banned from the platform, including Jinse, Huobi Daily, Golden Finance, Firecoin Information, Cannon Rating, Coin World Express Service, Deep Chain Finance, Daily Currency Reading, TokenClub, and Wujie Block Chain.

According to the Lanjinger report, and confirmed by official statements on the now locked WeChat channels of Huobi Daily and Deep Chain Finance, the ban was a direct result of a violation of the ‘Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging Tools’ state rule, which was enacted by the Cyberspace Administration of China on August 7.

Tencent said that some of the public numbers were suspected of publishing ICO and virtual currency trading hype information, violating the “Interim Provisions on the Development of Public Information Services for Instant Messaging Tools,” and have been ordered to block all content, and accounts have been permanently blocked.

This news comes just days the Chinese government’s China Electronic Information Industry Development (CCID) department released its fourth round of public blockchain index rankings where South Korea-based EOS (EOS) grabbed the top spot for the third consecutive time.

Despite their own interest in blockchain technology, it seems that the Chinese government is set on limiting the ability of its citizens to both engage with and learn about cryptocurrencies, due to concerns surrounding market manipulation.

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More: Lanjinger’s Original Report
In-Depth: China shuts down blockchain news accounts, bans hotels in Beijing from hosting cryptocurrency events

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager