Major Chinese social networks and search engines have stopped displaying ads related to Bitcoin and other cryptocurrencies. About writes this South China Morning Post.
Users searching for queries such as bitcoin, cryptocurrency, and ICO are given a selection without corresponding advertisements. In particular, we are talking about the Baidu search engine and the Weibo microblogging service..
A Weibo spokesperson clarified that the company does not currently allow ads related to cryptocurrencies. Baidu did not comment on the situation.
This policy is likely related to the bans imposed last year on ICOs and centralized trading of cryptocurrencies in China..
And recently, Facebook announced its decision to ban advertising of cryptocurrencies and cryptocurrency projects. However, current representatives of the digital currency industry argue that in addition to social networks and search engines, they have enough ways to reach their target audience..
Thus, the largest bitcoin miner Bitmain reported that it is placing its ads on popular cryptocurrency sites, such as 8tc.com and jinse.com.
“We usually place ads in the media about cryptocurrencies and blockchain. There are enough professional options, ”said a representative of the Bitkan company, which specializes in bitcoin trading and related services. “Facebook is great for letting newbies know about us. If we cannot use it in the future, nothing prevents us from taking advantage of other offers “.
The company names Reddit and Twitter as alternatives..
Hong Kong technology company TideiSun explained that it does not use ads on Facebook, but this does not limit its ability to use other ways to interact with users using the social network..
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