Beijing has blacklisted cryptocurrency-related content on video-sharing apps. Particularly, the China Netcasting Services Association (CNSA) included cryptocurrencies in a ban list of 100 topics that Chinese video platforms like TikTok should avoid.
Besides cryptocurrencies, China also banned questioning official history, showing sex, discussing fascism, provoking sectarianism, and so on. Videos advertising decentralized finance, bitcoin, and other cryptocurrencies that instigate the public “to participate in virtual currency ‘mining’, trading, and speculation,” are now banned in the country.
The move comes just a few months after TikTok updated its content policy to ban all financial services, including cryptocurrencies promoters and share trading. The company said the decision was made to suppress the growing misuse of the platform to engage in fraud and scams.