Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of Chinas government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.
The Financial Times of the Peoples Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.
Seems cryptocurrency will not recover so much in a short time...
The china seems to always contain the news content. China stops the ICO, China's regulate the bitcoins what else? China banned bitcoins? almost every day this is always the reason why the price of bitcoins is falling. Hopefully this will be over. So that the market has risen again.