WeChat Appears to Censor Binance and Huobi Searches

The move comes after China’s top regulators called for more scrutiny of crypto information providers.

(Amed Ay/Unsplash)

China’s ubiquitous messaging platform WeChat appears to be censoring searches for “Binance” and “Huobi,” joining Weibo and Baidu.

  • Searches in Chinese and English for “Binance” and “Huobi” are returned with a message saying “No more results,” CoinDesk staff confirmed early on Wednesday. Existing articles related to the exchanges on WeChat are largely still accessible.
  • Back in June, Twitter-like social media platform Weibo and search engine Baidu started blocking searches for Binance, Huobi and OKEx.
  • On Sept. 24, China’s regulators also called for increased scrutiny on companies that disseminate information related to crypto trading, along with a renewed crackdown on the sector.
  • WeChat is China’s largest messaging platform and a key tool for broadcasting news and information.
  • Binance announced today it is halting Chinese yuan trading for its consumer-to-consumer platform.
A search for the Chinese name for Binance on Wednesday, Oct. 13. (Screenshot: CoinDesk/Eliza Gkritsi)
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Why it matters:

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.