Baidu’s Move to Ban Bitcoin Related Ads from Its Network Raises Speculations

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Baidu, a Chinese hunt engine hulk has enforced a sweeping anathema on all digital currency-related advertisements. This remarkable pierce on Baidu’s partial has left many cryptocurrency businesses surprised.

Baidu was among one of a initial movers when it comes to Bitcoin payments. The association used to accept Bitcoin payments from a song use business until a Chinese supervision released an advisory warning opposite a use of Bitcoin to all financial institutions in a country. Almost 3 years given a withdrawal of Bitcoin payments, Baidu has now motionless to stretch itself from Bitcoin and other digital currency-related advertisements.

READ MORE: Baidu Stops Accepting Bitcoin Payments

According to reports, a pierce by Baidu comes during a time when complaints are pier adult opposite a hunt provider for featuring dubious advertisements. Some trust that a augmenting series of cryptocurrency related scams is a reason being Baidu’s decision. The anathema is also pronounced to simulate a Chinese government’s central view towards cryptocurrencies.

A heading business media outlet reported a growth by quoting Zennon Kapron from Shanghai-based consulting firm, Kapronasia saying-

“It could be a predecessor to China being prepared to pull for a some-more nationalized proceed to practical currencies. it could also

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