Anyone that has been following up closely on Cryptocurrency and everything related to it will attest to the fact that lately it has become difficult to come across advertisements on social media platform Weibo and the Chinese search engine Baidu.

That is despite a series of reports pointing to the fact that China’s government has for over quite some time engaged in the tightening up of Initial Coin and cryptocurrency offering regulations.

It was way back in February that the Financial Times of the People’s Bank of China (PBOC) received the news that China intends to move ahead and increase regulatory pressure on Initial Coin Offerings (ICOs) and on the cryptocurrency exchange sites. In September 2017 China proceeded to ban both the cryptocurrency exchanges as well as the ICOs.

Quite a significant number of businesses along this particular line gave their response and that was of course by moving off the mainaland to Hong Kong. At the moment, the Chinese government has everything figured out. It has a mitigation plan underway that will involve the banning domestic and foreign virtual currency exchange website.

A person well conversant with the most recent developments opined, “when the terms, in Chinese, ‘bitcoin’, cryptocurrency,’ and “ICO” were searched on Chinese search-engine Baidu and microblog Weibo, no obvious paid sponsored content popped up up alongside the expected organic results. Weibo has stated that they have banned cryptocurrency-related advertising.”

It was in August that Baidu halted the advertising cryptocurrency-related searches but one thing that eludes the minds of many is regarding when they specifically started allowing them once again. To this point in time there is not yet a single confirmation of any new crypto-based advertising block.

A pretty similar turn of events witnessed Facebook, Inc (NASDAQ:FB) move ahead to ban ads of cryptocurrencies as well and ICOs. That took effect last week and the reason forwarded was that quite a significant number of the fintech companies on Facebook’s platform were not launching their operations in good faith. The decision by Facebook to move ahead and ban the various ads was received pretty well on the /r/Bitcoin sub-Reddit page.