China’s leading social media platform has stopped displaying any search results for cryptocurrency exchanges
WeChat, China’s “super app” with over one billion users, has banned searches for Huobi, Binance and other cryptocurrency exchanges, according to blogger Colin Wu.
After China declared that foreign exchanges couldn’t serve residents from mainland China in September, trading platforms rushed to ban Chinese users from trading.
Huobi will retire all of its Chinese users by the end of the year.
In a WeChat group, Leon Li, the founder of Huobi, recently explained that the exchange would be leaving China forever due to the dizzying crackdown.
In late July, Huobi also dissolved its Beijing entity that was established back in 2013. During the same month, Binance’s website was also blocked by China’s “great firewall.”
In June, Baidu and other popular search engines banned searches related to crypto exchanges.
China’s internal firewall started blocking access to CoinMarketCap and CoinGecko, the two most popular cryptocurrency websites in late September.