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According to the China Times, Baidu also joined Tecent and Alibaba in the latest round of the cryptocurrency clamp down.
In the past, the lively cryptocurrency circle, digital currency bar (bar meaning forum), virtual currency bar and other related posts were all banned. Even some of the unknown altcoins posted were made disappeared.
After trying to search, Lei Feng.com’s AI Financial Review found that digital currency bars and virtual currency bars have indeed been banned. However, user in the cryptocurrency circle bar can still post a reply. Bitcoin bars (including English posts with the same name), Huobi, OKCoin and other exchanges forums are still running.
According to reports, Baidu Post Bar is the main gathering place for investors to exchange information online other than the WeChat group. Here, both the issuing party publishes promotional messages to try to attract attention; there are also third parties who deliberately manipulate sentiments to trigger discussion; and investors who do not know the truth try to find answers and provide psychological comfort for their decisions. Therefore, some exchanges also spend time and energy to maintain the operation of the post bar, spending a lot of money for positive publicity. It is understood that there are still people who have undertaken business in the post bar and formed a one-stop industrial chain.
The ecosystem provide services including: "Packaging ICO projects, matching transactions, developing APP, WeChat, roadshows, famous platform, project development, currency distribution, wallet maintenance, web design, self-media promotion, legal, Coin trading, project incubation, community promotion, futures trading, short-term trading cooperation."
Merchants said that different groups can benefit from it: for individuals, investors can earn commissions themselves. Introduce customers to earn commissions through customer transaction; for project parties: help project incubation, exchanges and other financing; for exchanges: large customer groups, as long as the customer commission conditions are right, you can join the rebate team at any time.
We believe these actions are only the beginning of the latest round of clamp down. With a weak CNH, the cryptocurrency market will continue to be closely scrutinized.
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