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Douyin Bans Illegal Financial Content Related to Blockchain and Digital Assets

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On December 19, Douyin released the *Douyin Community Financial Industry Convention (Trial)*, banning the use of blockchain and digital asset market concepts to promote illegal financial activities. The rules prohibit content related to virtual currency exchange services and stock recommendation activities disguised as science communication. The move affects sentiment in the digital asset market, with the fear and greed index likely to reflect regulatory shifts.
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