China banning different crypto related activities has been springing up in the news quite often, over the last few months. As it happens, China’s inhibitory stance against crypto continues to show up in the news, even as the year is about to end.
Despite crypto enthusiasts maintaining an optimistic narrative, such headwinds do directly or indirectly affect the crypto market.
No TikTok, no videos for “false and harmful content”
Chinese officials announced a prohibition on content that induces participation in cryptocurrency mining and trading in short videos. The official blog read as:
“In order for China to improve the quality of short video content, curb the spread of crypto false and harmful content, create clear cyberspace, these rules are
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