RATE Group | Chinese Tech Giants Join Government To Fight Illegal Cryptocurrency Trading Activities –…
40180
post-template-default,single,single-post,postid-40180,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Chinese Tech Giants Join Government To Fight Illegal Cryptocurrency Trading Activities –…

27 Aug Chinese Tech Giants Join Government To Fight Illegal Cryptocurrency Trading Activities –…

Posted at 05:54h in Cryptocurrency News by

[ad_1]

China’s tech trio Baidu, Alibaba and Tencent, collectively known as “BAT,” have all joined Chinese government’s effort to tighten scrutiny of cryptocurrency trading and initial coin offering (ICO). 

Search engine Baidu has shut down discussion posts about cryptocurrency and digital assets on Baidu Tieba, its communication platform, Chinese media reported Sunday. The report said Baidu Tieba, along with Tencent’s social media app WeChat, was the main online communication platform for cryptocurrency investors.

The report also said Baidu Tieba attracted ICO issuers and marketing agents who published promotional information and unwise investors who were seeking advice and comfort for their bad investment decisions.

Last week,  Tencent’s super-app WeChat permanently closed several official accounts that promoted initial coin offering and cryptocurrency trading, including some of the most well-known digital asset trading platforms like Huobi. Also, WeChat restricted the…

[ad_2]

Source link

Tags:
, , , , , , , , ,