Bitcoin price volatility and concerns about energy consumption have Beijing pursuing a new crackdown on cryptocurrency. On Saturday, Weibo banned several cryptocurrency accounts for violating “relevant laws and regulations”.
Weibo purges cryptocurrency accounts amid bitcoin volatility as Beijing continues its crypto crackdown
- Microblogging platform Weibo banned at least a dozen popular cryptocurrency accounts on Saturday
- Beijing is ramping up a crackdown on cryptocurrencies amid concerns about financial risks and an effort to meet its green energy goals
Bitcoin price volatility and concerns about energy consumption have Beijing pursuing a new crackdown on cryptocurrency. On Saturday, Weibo banned several cryptocurrency accounts for violating “relevant laws and regulations”.
