Shenzhen Bans Crypto Self-Media Accounts for Illegal Promotion
2026-07-23 17:35

Woofun AI reports that Shenzhen regulatory bodies, including the People’s Bank of China branch and the Securities Regulatory Bureau, have permanently shut down several self-media accounts. These accounts, including "USDT Merchant Exchange Group" and "Search for Bitcoin", were identified for illegally promoting virtual currency business activities and enticing public participation in prohibited financial operations. The closures align with the "Notice on Further Preventing and Addressing Risks Related to Virtual Currencies", marking a sustained enforcement effort against irregular crypto-related information dissemination.

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