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WeChat users in China can’t use cryptocurrencies or NFTs

WeChat is the most popular social media platform in China. It recently changed its rules to make it illegal to create accounts that give access to services related to cryptocurrencies or non-fiat currencies (NFTs).

According to the new rules, accounts that are used to issue, trade, or finance cryptocurrencies and NFTs will be limited or shut down. These accounts will be called “illegal businesses.”

WeChat with more than 1.1 billion daily active users in China, has updated its rules: WeChat public accounts which involved in the issuance, trading and financing of crypto and NFTs will be limited function or banned. https://t.co/0I9oMrvFTp pic.twitter.com/mzclYjFZNg

— Wu Blockchain (@WuBlockchain) June 20, 2022

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The post WeChat users in China can’t use cryptocurrencies or NFTs appeared first on NFT News Pro.