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Topic: China Censors Cryptocurrency Ads on Search Engines and Social Media (Read 222 times)

newbie
Activity: 121
Merit: 0
I think as part of his long-cryptocurrency clampdown, China is now censoring that crypto-related advertisements on social media and search engines that link
full member
Activity: 224
Merit: 103
0x864E3764278C5EB211bF463034e703affEa15e4F
China does censor internet channels and platforms and it only makes sense they will try to ban crypto ads. China wants to keep capital in their economy and crypto, being deregulated, is not gonna help that goal. In the end, though, some other market will fill that China gap.
hero member
Activity: 770
Merit: 505
I think these are good news actually. I mean, do we really want to keep getting investors that come up from adds? Those are definitely searching for big profits and have no interest in actually trying to understand what project are they buying into. There type of "investors" (if we can even call them that), are the first ones to panic sell everything they have, and only contribute to the volatility of crypto. We want real investors, and those will not be found through adds. Also most, of those adds are scam anyway, so by banning them, the crypto scams will probably be less efective, and that will contribute to a sense of security in the crypto world.

full member
Activity: 504
Merit: 100
I did not think that it would come to this. But apparently the Chinese were the first to understand what the matter is and what the popularization of crypto-currencies can lead to. The financial system will simply fall apart. Therefore, the country's authorities prohibit crypto currency everywhere
full member
Activity: 224
Merit: 101
THE WORLD'S FIRST FIXED MONTHLY ALLOWANCE PLAN
They really don't want to participate or adapt the future of our monetary system that will dominate the world in the next few years.
China is the only country that raids cryptocurrency exchanges and blocks all foreign websites that are related to cryptocurrency because of their personal reasons.
Chinese people are now having trouble on earning and accessing Blockchain sites, exchanges and phone apps.
If you're not a Chinese or not living in China then you're lucky.  
full member
Activity: 546
Merit: 105
Even Chinese doubt that government can stop them from crypto no matter what they do....
I think non-chinese shouldnt worry then too.
hero member
Activity: 770
Merit: 505
It's only China, more and more countries are restricting many companies and TV's sometimes to not show cryptocurrencies ads.
member
Activity: 134
Merit: 10
quarkchain.io
China censors EVERYTHING on the internet. Nothing new about that.
member
Activity: 238
Merit: 10
The Experience Layer of the Decentralized Internet
I think this is normal because China has banned bitcoin and exchanges,
And further restrictions on the advertising of cryptocurrency market are perfectly normal.
jr. member
Activity: 50
Merit: 3
ONe Social Network.
Frankly I can understand them... Common people just not ready yet to be involved in ICOs due to the high level of scam ICOs and another fraud around crypto area. There is only one thing that I know for sure that it is not the end of crypto age Wink

Exactly! We're just in the beginning of technological advancement in terms of financialization. Just like what others said on their recent correspondences, it will eventually turn into a good effect because we are going to develop a more secure environment for cryptocurrencies. It may affect the demand but certainly not the progress of our current institutions in future, let just wait for them to embrace it.
member
Activity: 714
Merit: 10
Living is easy with eyes closed ...
If analyze such news, it becomes clear that a coordinated attack is being conducted on the crypto currencies.
Financial regulators apparently saw some kind of danger in the rapid development of the crypto-market.
full member
Activity: 322
Merit: 103
China have their own Google and facebook, I bet they are not using the original adwords too so this step seems reasonable. The only good thing that I can find here is that there will be less crypto projects based in china or targeting mainly on chinease investors. This  will lead to decrease of the governmental attention on crypto which will leave less fud for the whole society. Anyway I think that their ads was the same as ours and included mainly scam projects.
legendary
Activity: 2408
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Frankly I can understand them... Common people just not ready yet to be involved in ICOs due to the high level of scam ICOs and another fraud around crypto area. There is only one thing that I know for sure that it is not the end of crypto age Wink
newbie
Activity: 38
Merit: 0
newbie
Activity: 19
Merit: 0
The government is just mad their not making money or able to tax it,
newbie
Activity: 55
Merit: 0
https://2.bp.blogspot.com/-ORnKCD5B2XY/Wndd91RN9nI/AAAAAAAAAd8/AbwJ7Ag18RQc1eCZPDdbDXQDYvsmQqZFwCLcBGAs/s640/china-censors-cryptocurrency-ads.jpg

Hong Kong-based media have reported that the country’s major search engines and social media networks do not appear to be presenting paid adverts for products or companies associated with bitcoin and other cryptocurrencies. Reports have alleged that the censorship of cryptocurrency ads may date back to the announcement that The People’s Bank of China (PBOC) would ban initial coin offerings (ICOs) during September 2017.

Chinese Online Media Platforms Ban Crypto Ads

https://2.bp.blogspot.com/-gUNwU7e5RJY/WndeFiwHhAI/AAAAAAAAAeA/EADSb15SHIIeuodHOX5XKHl9Vu1TVMAiACLcBGAs/s640/chinese-online-media-platforms-ban-crypto-ads.jpg

A report published by Hong Kong-based media outlet, South China Morning Post, has alleged that leading Chinese search engines and social media platforms have stopped displaying sponsored posts and paid advertisements relating to cryptocurrencies.

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 it does not presently allow advertising relating to cryptocurrencies, whilst Baidu is yet to comment on the matter.

Analysts are speculating that the censorship of crypto ads may have begun following the introduction of the PBOC’s crackdown on ICOs in September 2017.

Facebook Follows China’s Lead

The report was published just days after Facebook introduced new rules banning “ads that promote […] binary options, initial coin offerings, or cryptocurrency.” The social media network accuses said ads of “promot[ing] financial products and services that are frequently associated with misleading or deceptive promotional practices,” claiming that “there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”

The crypto community appears to have largely welcomed Facebook’s new policy, with many bitcoin veterans viewing social media as an advertising medium embraced by Ponzi schemes and opportunists seeking to cash in on the speculative boom surrounding virtual currencies will little intention of delivering robust services or platforms.

What is your reaction to the Chinese censorship of ads for products and services relating to cryptocurrencies? Share your thoughts in the comments section below!

Source: https://news.bitcoin.com/107918-2/

Source 2: Caspo
]first the social media of USA then an entire whole country i don't know what will happen next off i know let's ban everything about crypto smh...
newbie
Activity: 56
Merit: 0
https://2.bp.blogspot.com/-ORnKCD5B2XY/Wndd91RN9nI/AAAAAAAAAd8/AbwJ7Ag18RQc1eCZPDdbDXQDYvsmQqZFwCLcBGAs/s640/china-censors-cryptocurrency-ads.jpg

Hong Kong-based media have reported that the country’s major search engines and social media networks do not appear to be presenting paid adverts for products or companies associated with bitcoin and other cryptocurrencies. Reports have alleged that the censorship of cryptocurrency ads may date back to the announcement that The People’s Bank of China (PBOC) would ban initial coin offerings (ICOs) during September 2017.

Chinese Online Media Platforms Ban Crypto Ads

https://2.bp.blogspot.com/-gUNwU7e5RJY/WndeFiwHhAI/AAAAAAAAAeA/EADSb15SHIIeuodHOX5XKHl9Vu1TVMAiACLcBGAs/s640/chinese-online-media-platforms-ban-crypto-ads.jpg

A report published by Hong Kong-based media outlet, South China Morning Post, has alleged that leading Chinese search engines and social media platforms have stopped displaying sponsored posts and paid advertisements relating to cryptocurrencies.

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 it does not presently allow advertising relating to cryptocurrencies, whilst Baidu is yet to comment on the matter.

Analysts are speculating that the censorship of crypto ads may have begun following the introduction of the PBOC’s crackdown on ICOs in September 2017.

Facebook Follows China’s Lead

The report was published just days after Facebook introduced new rules banning “ads that promote […] binary options, initial coin offerings, or cryptocurrency.” The social media network accuses said ads of “promot[ing] financial products and services that are frequently associated with misleading or deceptive promotional practices,” claiming that “there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”

The crypto community appears to have largely welcomed Facebook’s new policy, with many bitcoin veterans viewing social media as an advertising medium embraced by Ponzi schemes and opportunists seeking to cash in on the speculative boom surrounding virtual currencies will little intention of delivering robust services or platforms.

What is your reaction to the Chinese censorship of ads for products and services relating to cryptocurrencies? Share your thoughts in the comments section below!

Source: https://news.bitcoin.com/107918-2/

Source 2: Caspo
first the social media of USA then an entire whole country i don't know what will happen next off i know let's ban everything about crypto smh...
member
Activity: 392
Merit: 12
The Fourth Generation of Blockchain in DeFi
Well,  the leading communist party tries to take control of all the types of human activities and to censored all the info resources. If they cannot do it technically,  they ban it. The whole idea of decentralization is opposite to the party's ideology.
sr. member
Activity: 1470
Merit: 325


Hong Kong-based media have reported that the country’s major search engines and social media networks do not appear to be presenting paid adverts for products or companies associated with bitcoin and other cryptocurrencies. Reports have alleged that the censorship of cryptocurrency ads may date back to the announcement that The People’s Bank of China (PBOC) would ban initial coin offerings (ICOs) during September 2017.

Chinese Online Media Platforms Ban Crypto Ads



A report published by Hong Kong-based media outlet, South China Morning Post, has alleged that leading Chinese search engines and social media platforms have stopped displaying sponsored posts and paid advertisements relating to cryptocurrencies.

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 it does not presently allow advertising relating to cryptocurrencies, whilst Baidu is yet to comment on the matter.

Analysts are speculating that the censorship of crypto ads may have begun following the introduction of the PBOC’s crackdown on ICOs in September 2017.

Facebook Follows China’s Lead

The report was published just days after Facebook introduced new rules banning “ads that promote […] binary options, initial coin offerings, or cryptocurrency.” The social media network accuses said ads of “promot[ing] financial products and services that are frequently associated with misleading or deceptive promotional practices,” claiming that “there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”

The crypto community appears to have largely welcomed Facebook’s new policy, with many bitcoin veterans viewing social media as an advertising medium embraced by Ponzi schemes and opportunists seeking to cash in on the speculative boom surrounding virtual currencies will little intention of delivering robust services or platforms.

What is your reaction to the Chinese censorship of ads for products and services relating to cryptocurrencies? Share your thoughts in the comments section below!

Source: https://news.bitcoin.com/107918-2/

Source 2: Caspo

the chinese bankster cartels is together with the american and some african ones one of the most evil ones,

they wont survive the cryptorevolution, the soviet bankster cartel neither did.
member
Activity: 221
Merit: 10
I think it's just a FUD.
China has banned exchanges and ICO, so isn't it normal for them to ban the advertising of cryptocurrencies? Why did the media make this statement? Huh
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