China’s stance towards decentralized cryptocurrency trading is becoming even tougher. chinese journalist Colin Wu and crypto news sites 8btcnews Both claimed that as of June 9, search results for some of the world’s leading cryptocurrency exchanges are pulling up zero results.
Cointelegraph employees in China have themselves searched cryptocurrency exchanges on search engines and confirmed that the results are not available. However, mixed searches like “Binance Academy” or “Huobi Research Center” still seem to be passing the censors.
If the situation continues, it appears to be the latest step in Beijing’s increasing censorship of crypto-related information via social media. On June 7, Weibo — China’s Twitter-like microblogging service with more than 530 million monthly active users — Suspended accounts related to several popular bitcoins (B T c) and crypto-related content creators.
Colin Wu, or Wu Blockchain on Twitter, noted that searches for Binance, Huobi and OKEx are not showing up for users of Baidu and Sogou, the two major Chinese search engines. Furthermore, both Wu and 8BTCnews claim that Weibo has taken similar black-out measures with Wu. noteworthy That Zhihu – an analogue of Quora – has also followed in a phased manner.
The censorship measures are a part of China’s effort to restrict various cryptocurrency activities, including mining and fundraising topics, considering the latter to be illegal. The areas being targeted include the provision of services related to cryptocurrency and token financing platforms by financial and payment institutions that can be used as fiat-to-crypto gateways.
action on mining has focused government concerns over the industry’s carbon footprint, particularly in regions such as Inner Mongolia. at least three mining companies – BTC.TOP, Huobi and Hashko – have announced that they are stopping activities on the mainland.
So far, representatives of the targeted exchanges have not made any public announcements regarding explicit social media censorship measures.
Binance could not comment on the situation, but noted that “Binance does not currently conduct exchange operations in China.”