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...
bitcoin prices fall as China bans Bitcoin and it is news that I do not like to see. all altcoin prices become unstable as Bitcoin prices continue to slide down to be $6.000. I've often seen the news why bitcoin prices are down because the first obstacle is China stop ICO, prohibit bitcoin. let's hope everything to back normal again and price altcoin in market up.