China blocks a series of famous Weibo accounts involving electronic money, in the context of this country takes the ban on trading and digging Bitcoin.

Some accounts that many followers on Weibo are related to electronic money have lost access to weekends for reasons for violations of laws and regulations.

This is a judgment date with KOLs (people who influenced social networks) about electronic money, a Weibo account or discussed the write Bitcoin and the person's account was then locked.

Winston Ma, professor at the New York Law School, said the Chinese government seemed to show clear that no version of Elon Musk could survive on the electronics market.

Illustration of virtual NDT.

Mr. Ma predicts the Chinese Supreme Court will soon announce the legal interpretation documentation to make e-commencement businesses can be adjusted by the country's criminal law.

Many financial professionals also agree with the above views, arguing that the interpretation document from the Chinese Supreme Court will help solve the legal ambiguity when it is impossible to clearly identify Bitcoin businesses.

The move blocked account from Weibo took place in the context of Chinese state communication to enhance the warning of electronic money transactions.

China takes up virtual money-limited measures to take place in the context of the central bank in accelerating its own digital currency testing.

The ambition to digitize China's yuan is not limited to the domestic market.