Chinese search engines and social networks began to block advertising crypto currency
Large social networks and search engines in China have ceased to display advertising or sponsorship content associated with bitcoin and other crypto-currencies. It is reported by South China Morning Post.
So, search queries containing the words "bitcoin", "crypto-currency" and "ICO", users are given only news and other journalistic notes. It is known that the advertising related to digital assets was no longer displayed by the largest in the country search engine Baidu and Chinese analogue Twitter - microblog Weibo.
Representatives of Weibo confirmed that the site at the moment is really blocking all advertising related to bitcoin and other crypto-currencies. In Baidu, the situation did not comment.
According to the publication, the blockage could be a direct consequence of the ban on primary offers of coins (ICO) in September last year. Then the People's Bank of China called such campaigns fraudulent. After that, over 90% of local ICO start-ups returned funds to investors.
It should be noted that this is not the first message about the blocking of advertising crypto currency in China. So, back in August 2016 it was reported that Baidu removed any advertisement related to bitcoin and other virtual money without any warning.
Recall earlier this week advertising crypto and ICO banned Facebook. As the company said, ads must be reliable and win people's trust. In this regard, noted in Facebook, in this social network there is no place for misleading or deceptive announcements.
Nice, i like post @alex2016
In principle, the prohibition of advertising, it is not a ban cryptocurrency. If the value of coins increases, the number of people willing to invest in cryptocurrency will grow without any advertising, if there is no growth, then no advertising will help.
agree with you
@echowhale team is now awake . Thank you for waiting patiently .
@echowhale team swimming by with your upvote