Weibo deactivates Bitcoin trading platforms in China, raising concerns on cryptocurrency rules

A view of a damaged bitcoin Illustration: VCG

BEIJING, March 11, Global Times - The Weibo accounts of three major Bitcoin trading exchanges, Huobi, OKEx and Binance were deactivated on Thursday, triggering concerns over tightening regulation on cryptocurrency in China.

On Thursday, the account for Huobi, a Hong Kong-based Bitcoin trading platform was unable to be displayed. A Weibo statement shows that the account had "abnormal practices", and contains safety risks. The accounts for OKEx and Binance appear to be deleted.