Chinese social media giant WeChat has reportedly closed down accounts owned by several cryptocurrency and blockchain media accounts on its platform, local news outlet Lanjinger reports.The Tencent-owned company indicated in a statement that it had carried out the sudden purge in line with central government's cryptocurrency policy.WeChat PurgeBeginning on Tuesday, August 21, 2018, WeChat began implementing a sudden shutdown of no fewer than eight accounts linked to bitcoin and crypto news organizations. Some of affected platforms include Huobi News, Coindaily and Jinse Caijing.Tencent later confirmed the development in a statement, where it said the platforms were shut down in line with the regulatory policy, as they were “suspected of publishing information about ICOs [initial coin offerings] and speculations on cryptocurrency trading.”Though the statement did not explicitly reference a specific government policy that necessitated the account removals, an ordinance enacted on August 7, 2018, by the Cyberspace Administration of China called “Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging” may well be responsible for the unexpected move.Pattern of RestrictionAccount closures are quite common in China, which has some of the most stringent cryptocurrency-related regulatory policies in the world. Over the past year, the Chinese government has ban... For Further Information Click on Below Button