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ASIAN (T)

Bitcoin ads disappear from social media in China after central bank bans cryptocurrency fundraising

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China’s major social media networks and search engines don’t appear to return paid searches or advertisements on bitcoin and cryptocurrencies following a fundraising ban implemented last year by the country’s central bank.
The People’s Bank of China (PBOC) last September banned fundraising through digital currencies, labelling 90 per cent of the initial coin offerings (ICOs) launched in China as fraudulent.
Searches for the Chinese terms for “bitcoin”,…



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