Freedom of Speech in Peril as China’s Baidu Tieba Shuts-Down Cryptocurrency Online Forums

Colleagues, everyone in free and democratic countries knows that China’ Communist Party subjugates its citizen by placing severe restrictions on freedom of speech and expression. Enter the global crypto ecosystem. The PRC is home to the world’s largest crypto mining company – Bitmain. The PRC is not a haven for crypto exchanges. BitBox and Bit-Z are the most prominent exchanges based in China, whereas Binance, the world’s largest crypto exchange moved out of China. The exception is Hong Kong which home to Bitmex, OKEx, BitFinex and several other exchanges presumably due to less government scrutiny. Nonetheless, the PRC has forced the shut-down of cryptocurrency-related social media discussion forums in Baidu Tieba … a Chinese version of Reddit. The question is why? While information is scarce the Cryptocurrency Academy assumes the answer may be due to the prevalence of bad actors and nefarious purposes which are common among second and third tier cryptocurrencies used for money laundering, drug transactions and circumvention of trade sanctions. Send us your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)