China went another further above and beyond in its cryptocurrency related crackdown, as they have now closed down various cryptocurrency and blockchain news outlets on popular social application WeChat. No less than eight blockchain and digital currency centered news accounts had been blocked as of Tuesday evening.

In an official proclamation, Tencent, the operator of WeChat, said that the records were permanently close down on the grounds that they were "associated with distributing data related to speculations on cryptocurrency trading and ICOs [initial coin offerings]. Their decision is upheld up by directions by the Cyberspace Administration of China from prior this month. Those incorporate that content providers inside chat applications must be agreeable with public orders and national interests.

As per local financial news outlet Lanjinger, among the influenced were Huobi News, Deepchain, CoinDaily and Node Capital-backed Jinse. Many of the blocked websites were allegedly among the best 50 most compelling blockchain-related records on the platform.

Though initial coin offerings are prohibited in China, that didn't shield a considerable measure of these accounts from raising noteworthy finances through venture capital funding. Jingse, which claims 350,000 unique visitors everyday guests, raised 8 million yuan and more (USD 1.2 million) from Beijing-based Node Capital in a pre-series A round last August. Shenlian Caijing, another restricted name, was established not long ago by a few veteran Chinese writers and raised 10 million yuan (USD 1.46 million) from angel investors.

As indicated by the South China Morning Post (SCMP), it is hypothesized that one purpose behind this boycott was the commentary by Individuals' Day by day, the state-run media outlet in China, which criticized cryptocurrency and blockchain media outlets many times and asserted that these news accounts were helping manipulate the cryptocurrency market. The comments stated, "These 'media' outlets have made immense fortune in the speculative waves of cryptographic forms of money, yet because of their temperament, it's doubtful to what extent their savage development can continue going."

One of the people most prominently named in the critique was the founder and CEO of Huobi, Jun Du, who was said to be "a great example " of China's blockchain media ecosystem. Individuals' Daily is regularly thought about the voice of the Chinese Comrade Gathering (CCP) and has called for stricter regulations on blockchain media outlets.

This is likewise not the first occasion when that WeChat has blocked accounts from the crypto space. Early this May, they suspended a third-party application called Xiao Xieyi that would have enabled WeChat clients to create contract agreements and a unique social media ID utilizing blockchain innovation.

Also, Beijing's central Chaoyang region issued a notice on August 17 restricting office buildings, hotels and shopping centers in the region from hosting occasions promoting digital currencies, as indicated by the SCMP.