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clampdown on the crypto currency market is slowly being felt as Chinese social media sites no longer carry crypto currency ads. China began showing its hostility towards crypto currencies a few months back by announcing a blanket ban on ICOs, saying that 90% of them are fraudulent. It was followed by a warning from the Chinese government to Bitcoin miners, asking them to exit the country in an orderly manner. Fearing strong response from the government, advertisements related to crypto currencies and ICOs have disappeared from the social media sites.
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