Caixin: China Blocking Crypto Exchanges on Social Media

Chinese regulators are reportedly blocking social media accounts held by cryptocurrency exchanges that still offer services in the country.

AccessTimeIconMar 6, 2018 at 1:20 p.m. UTC
Updated Sep 13, 2021 at 7:38 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Chinese regulators are reportedly blocking social media accounts held by cryptocurrency exchanges that still offer services in the country.

According to a report by Caixin today, authorities have shut down some exchanges' channels on China's dominant social messaging app, WeChat.

In one example, the official account of OKEx on WeChat has been blocked, while links to all previous content are now merely showing a notification that reads:

"The platform may have violated relevant laws and regulations after being reviewed per users' complaints. The account is currently blocked and content is not available."

While the company has apparently denied interference by regulators, Caixin said it has confirmed that the WeChat censorship is a result of tightened official oversight on platforms that still offer cryptocurrency services to Chinese investors.

As reported by CoinDesk, following the ban on initial coin offerings (ICO) by the People's Bank of China in September, OKCoin, once a major cryptocurrency exchange based in China, moved its crypto-to-crypto trading platform OKEx overseas.

Since it still offers services for Chinese investors, its official account on WeChat had become a major communication channel for the distribution of trading information among users.

So far, though,, which also has an overseas trading platform available in mainland China, still remains functional on WeChat.

The Caixin report adds that regulators are also looking to urge law enforcement agencies to further block the IP addresses of overseas crypto exchanges. Drawing the authorities' attention is that, by listing new ICO tokens, exchanges are flouting the ban on offering ICOs to domestic investors.

WeChat image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.