Woofun AI reports that Shenzhen authorities have dismantled multiple crypto self-media accounts, including "搜搜比特币" (Sousou Bitcoin), following a directive highlighted by People’s Daily. This enforcement action targets content creators who facilitate virtual asset promotion within the region.

The operation was executed through a unified framework involving four distinct regulatory entities: the Shenzhen branch of the People’s Bank of China, the Shenzhen Securities Regulatory Bureau, the Shenzhen Cyberspace Administration Office, and the Shenzhen Local Financial Administration. These bodies collaborated to purge illicit financial information from online platforms.

Per Woofun AI, the investigation revealed that these accounts were actively promoting virtual asset-related businesses and encouraging public participation in what regulators classified as illegal financial activities. This enforcement aligns with the nationwide ban on all crypto transactions and mining established in 2021, marking a continuation of strict policy adherence.

Regulatory focus has shifted beyond exchanges and mining operations to encompass the broader digital ecosystem. Authorities now target self-media accounts that drive speculative behavior and investment in virtual assets, viewing such influence as a direct threat to financial stability.

For individuals, engaging with or promoting crypto-related content via personal social media or blogs now carries significant regulatory risk. This development underscores the persistent separation between global crypto markets and China’s domestic financial system, highlighting enhanced capabilities in monitoring digital financial information.

Shenzhen authorities intend to keep tightening oversight of online financial information, specifically targeting virtual asset speculation and illegal investment recommendations. The ultimate objective is to preserve financial market order and shield retail investors from harm within China’s jurisdiction.