China Censors Cryptocurrency Ads on Search Engines and Social Media

[norashing]

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

[Endikadija]

It will not be different with what already done by facebook to block all of the ads related to the crypto companies. I can understand that seems a little bit strange but remember about the fact that doesn't give a lot of impact to the crypto.
Majority of crypto companies are avoiding those investors from china. It doesn't matter how China will try to ban it, but that will become another useless thing because they are joining in ico caused by their itself.

[dado7]

Well, if you ask me - that news are completely irrelevant for the development of the blockchain. Banning those annoying ads is a good thing in any way. Do you ever click on them? I don't, I am even afraid they might contain some malware. If I want to buy something or be informed about what is going on, I do my own research, and already have some platforms I regularly follow, I don't need some ghosts jumping on me.

In any case - people are reacting to this through sheer FUD, but it is, as usual, totally unnecessary. One of the main problems with cryptos is bad security. Hence some regulations are needed and more than welcome. I sincerely believe that both China and Facebook will remove the inhibitions over adds once the market will be better regulated. They simply don't want people to be lured by phishing. Scam projects can advertise in the same way as projects like Bitcoin, Ethereum or NEO.

[sourish]

Security is a major concern for all and these bans on crypto advertising are mostly seen as positive developments, as they may help protect unsuspecting investors who enter these speculative markets based on social media promotions and videos on Facebook and video-sharing websites.

[patt0]

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.

[marcripto]

This news does not surprise me, I read now that China is reportedly aiming to block all websites, both domestic and foreign, related to cryptocurrency trading and initial coin offerings (ICO): the most total censorship!

[cryptocrocs]

Holy molly another FUD is coming in,the market hasnt yet recovered from the past bloodbaths,are you serious?the source was from unknown media source at hongkong,this might cause another panic at the market that will result anonther bloodbaths.I dont know what will happen to bitcoin if these FUDs will continue to spread people doesnt care about the sources,which they care about is to get out from the market when they see most of these negative news,and thats unaacceptable.

[Tone147]

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?

[KingScorpio]

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.

[Lerikaweb]

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.

[CoinMaker7]

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...

[kingcoiner001]

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...

[Thetaomega]

The government is just mad their not making money or able to tax it,

[madgpt]

sad....

[Marvell1]

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

[Murloc]

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.

[JeBro]

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.

[SungkZ]

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

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.

[liangweicha]

I think this is normal because China has banned bitcoin and exchanges,
And further restrictions on the advertising of cryptocurrency market are perfectly normal.

[Fileiro]

China censors EVERYTHING on the internet. Nothing new about that.