Chinese state media removes video on crypto after Binance CEO calls it ‘big deal’
China’s state-affiliated media company CCTV aired a video about cryptocurrency on May 24 that garnered a lot of attention on Crypto Twitter. Binance CEO Changpeng “CZ” Zhao called it a “big deal” and claimed that historical coverages like these “led to bull runs.”
Just a day after CZ’s comment, the CCTV network removed the video from its platform. The video program discussed recent developments around cryptocurrency compliance in Hong Kong. It also featured a Solana-based memecoin that turned out to be a pump and dump scheme.