China blocks Сryptocurrency websites

Representatives of the People’s Bank of China announced that they intend to block access to websites connected with the trade in crypto-currencies in the country. This happened after the bitcoin rate fell by 10% on Monday.

As a result, the largest social networks will not be able to advertise content, which contain sponsorship materials related to crypto currency, including bitcoin. Now for inquiries containing the appropriate terms, the user will be only available information materials: news or notes.

Analysts believe that the innovation could be due to the ban on the initial offering of coins. The Bank of China officially recognized such services as fraudulent.

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