Crypto added to China’s short video blacklist

[ad_1]

Short cryptocurrency videos are now banned as part of China’s updated blacklist of taboo topics which includes topics such as showing sexual content, ridiculing the government, provoking dogmatism, discussing fascism and anything that challenges the country’s ideology, Bitcoin.com reported.

The blacklist of 100 banned short video subjects online was handed over by the China Netcasting Services Association (CNSA), according to the report.

The updated rules also indicate a ban on videos depicting drug use, gambling, violence, gangs, criminal activity, mental abuse and “unconventional views of marriage and love. “, says the report.

See also: WeChat in China denies new users while respecting mandatory upgrades

Many banned topics were on the previous CNSA blacklist, but new areas have been added, including cryptocurrency, according to the report. Earlier this year, China started banning crypto mining in the country, and four years ago it banned crypto trading and fundraising through coin offerings.

Now videos that show or inspire in any way mining, trading or speculating virtual currency are banned online and on social media apps, according to the report. The move came in part following President Xi Jinping’s goal of carbon neutrality in the country around 2060. The move uprooted crypto miners in China, sending them to areas more open to the practice.

Also read: China’s Crypto Ban Shuts Down Ethereum Miner SparkPool

“Another violation of laws, regulations, social public order and good customs” could be interpreted as effectively freeing the hands of Chinese regulators to censor almost all clips posted online, “the order said, according to the report. The report.

Failure to follow the rules can result in fines. Microblogging social media giant Weibo, for example, has been penalized several times this year for not complying quickly enough or effectively enough, CNN reported.

Weibo was fined $ 470,000 last week for repeatedly posting content deemed illegal. The company was fined 44 this year for a total of $ 2.2 million, according to the report.

——————————

NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

About: More than half of American consumers believe that biometric authentication methods are faster, more convenient and more reliable than passwords or PIN codes; so why less than 10% use them? PYMNTS, working with Mitek, surveyed over 2,200 consumers to better define this perception gap in usage and identify ways in which businesses can increase usage.

[ad_2]