Published on September 15th, 2017 | by bitcoin0
Chinese Bitcoin Enthusiasts Ditch WeChat for Private Telegram
Because of the high level of state monitoring and policing of individuals, Bitcoin enthusiasts have deflected from WeChat in China, as it is the country’s dominant messaging app that is approved by the government.
Other encrypted messaging platforms, like Telegram, have seen a surge in Bitcoin users setting up groups which have mushroomed in quick succession.
China has cracked down firstly on ICOs, then recently, the rumors of exchange shutdowns seem to be coming to fruition, and they have also implemented rules on the messaging sites like WeChat.
“It’s partially due to fears of Bitcoin oversight, but I think it has more to do with the new rules on WeChat,” said Jake Smith, general manager at Bitcoin.com, who manages a 500 people English language group on WeChat.
OKCoin, Huobi and BTCChina’s telegram groups are not officially run by the companies, according to the notices.