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.
What you say is true, actually the regulation pressure has been done by chinese government since 30 september and until now nothing has changed a little bit.
Seems cryptocurrency will not recover so much in a short time...
True, last year if there was something going on with the chinese market its impact would be felt in the crypto market globally but now whatever happens with the chinese state in the slightest doesn't impact on bitcoin.