China's WeChat updates policy, banning cryptocurrency and NFT accounts
Hong Kong-based crypto news reporter Colin Bai shared the updated policy on Twitter Monday. In his tweet, Bai noted that public accounts on WeChat that are linked to "the issuance, trading and financing of cryptocurrencies and NFT" are subject to a ban. The reporter also points out that WeChat has an astounding 1.1 billion daily active users in China.
Saying that China has a strained relationship with cryptocurrencies and NFT is a major understatement. Indeed, in recent months, the country has done its best to ban most of the world's cryptocurrency and NFT platforms.
