Shenzhen Authorities Permanently Close Multiple Self-Media Accounts for Virtual Currency Violations
2026-07-23 17:43

Woofun AI reports that the People's Bank of China Shenzhen Branch, Shenzhen Securities Regulatory Bureau, Municipal Internet Information Office, and Municipal Local Financial Supervision Administration have enforced special rectifications on local website platforms. These authorities mandated strict adherence to main responsibilities, resulting in the legal handling of numerous illegal self-media accounts.

Accounts such as "USDT Merchant Group Chat," "Gather Together to Play Virtual Currency," "Search for Bitcoin," and "WeChat Quick Exchange" were permanently closed for illegally providing marketing information related to virtual currency business activities within the country. This action targets the induction of public participation in illegal financial activities, executed in accordance with the "Notice on Further Preventing and Handling Risks Related to Virtual Currency."

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