WeChat, the popular messaging platform, appears to have added additional safeguards for local users in the face of stringent cryptocurrency bans imposed by local authorities. For example, if you type “Binance” or “Huobi” into the search bar, you will get an error message.
According to PRC users, regardless of language change, a notification about a lack of results appears. The platform’s search engine stubbornly ignores both marketplaces after verifying queries in both Chinese and English. Although articles about exchanging and trading cryptocurrencies are still available on Binance and Huobi.
Such mandatory restrictions have previously been reported. But it wasn’t about WeChat at the time, but about other popular social networks such as Weibo, China’s equivalent of Twitter, and the Baidu search engine. Both of them abruptly began blocking searches for the largest exchanges, Binance, Huobi, and OKEx.
However, by typing other words into the search bar, their users quickly discovered some flaws. In Chinese, they typed “Huobi app” instead of “Huobi.” In this case, the search engine ignored the limitations and returned millions of results.
Simultaneously, Binance and Huobi have attempted to limit their functionality as much as possible for users in mainland China. As a result, the latter announced the closure of trading opportunities for local accounts, and Binance soon followed suit. Accordingly, its representatives announced today that the OTC trading opportunity would be discontinued on December 31, 2021.