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China bans Cryptocurrency ads on social media and web

After Facebook bans cryptocurrency ads on their platform, China is next to censor the ads on the web and other social media platforms.

Chinese search engines and social media platforms in China have stopped displaying sponsored post and paid advertisements related to cryptocurrency.  The report states that keywords such as ‘bitcoin’, ‘cryptocurrency’, and ‘ICO’ appear to predominantly elicit journalistic content when searched on popular Chinese platforms Baidu and Weibo, whilst yielding an apparent absence of sponsored content. Weibo has confirmed that they are not allowing ads related to cryptocurrency.

Source: news.bitcoin.com

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