The cryptocurrency scene in China has been dealt a major blow overnight. Several prominent media outlets have had their WeChat accounts frozen for spreading too much hype about cryptocurrency. WeChat is one of China’s leading social media and messenger services, owned by telecommunications giant Tencent. WeChat is also used as for payments, in-store purchases and news. At least eight legitimate publications focused directly on cryptocurrency have been banned from the platform indefinitely, as spotted by local media Lanjinger. An official statement from WeChat declares that the suspended accounts violate Chinese law by publishing virtual currency trading information and hyping initial coin…

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