While some major Chinese cryptocurrency-related publications seem to be shutting down, a number go on to be run by local news agencies that take switched to social media similar Twitter.

Prc's about recent crypto ban would non significantly touch local crypto media sources every bit there are a number of ways to disseminate industry data, according to an executive at one of the biggest crypto publications in Mainland china.

The exec, who asked to remain bearding, told Cointelegraph on Wednesday that several local crypto sites have been moving their customs to other media channels like Twitter and Telegram after the government enforced a new crypto ban in September.

"They are trying to share more info in that location and keep low key on their websites," the person said, adding, "We can become all the info nosotros want from Twitter."

"More Chinese people came to Twitter and Telegram, some of them as well take loftier quality," another crypto media insider, who also wished to remain anonymous, told Cointelegraph.

They noted that the People's Bank of Mainland china declared all "virtual currency-related business activities" illegal, which caused some deject service providers to cut services to websites like BlockBeats and Odaily. Only this didn't prevent them from posting manufacture news as they continued operating through new domains and shifted focus to posting on Twitter and Telegram.

Co-ordinate to the media insider, ​​these websites were blocked because they are based in Beijing. "Media outside Beijing are not blocked," the person said. Some crypto publications like Jinse, Panews and 8btc were apparently not affected by the latest crypto ban.

The Chinese crypto media exec stressed that the crypto world is fated to be decentralized, stating:

"There's always hope for the Chinese crypto industry. We yet have information sources and we keep getting more than and more users, evangelists, developers and others. In that location's nothing to worry about. Everything happens for the all-time."

Related: China's central depository financial institution proposes to monitor metaverse and NFTs

1 Chinese crypto site, major industry source ChainNews, went offline in November.

According to Cointelegraph'due south sources, ChainNews decided to shut downward services tardily that month. The publication'south terminal post on its Telegram channel is dated Nov. 25. The website had more than 1.5 million visits last month, according to data from SimilarWeb.