Sina (BitStamp:SINA) Weibo (NASDAQ:WB) — one of the most popular Chinese social media apps, with over 258 million daily active users — has removed 80 influencer accounts promoting cryptocurrency activities, citing official legislation. According to the Sept. 5 announcement, 80 crypto influencer accounts, with over 8 million total followers, were “proactively removed” by Weibo. The platform has been periodically sweeping out crypto accounts ever since China’s cryptocurrency ban took effect in September 2021. The largest nationwide crackdown occurred in August 2022, when the Cyberspace Administration of China (CAC) removed 12,000 influencer accounts on Weibo and Baidu.
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