Baidu to to Ban Crypto Discussions on Its Forum

At the moment, the "digital currency" and "virtual currency" sub-forums are unavailable
27 August 2018   695

The Chinese search giant Baidu, following Tencent, decided to distance itself from the crypto-currency topic by starting to censor and ban topics about the cryptocurrencies on the Baidu Tieba platform. This is reported by the China Times.

Currently, the company has toughened its scrutiny over digital currency and will not allow sub-forums under this theme, based on relevant rules and regulations.

China Times' Source

Currently, the sub-forums "Digital currencies" and "Virtual currencies" are not available, and attempts to search for these keywords lead to the message "This forum is temporarily closed due to non-compliance with existing regulations."

He also noted that these sub-forums were blocked due to the dissemination of information on ICO and speculation by cryptocurrencies.

It is noteworthy that many other sub-forums about cryptocurrencies such as Bitcoin, Ethereum and others remain available.

The Baidu Tieba platform was launched in 2003 and, according to the company, at the moment its monthly audience reaches 300 million active users.

Facebook to Launch GlobalCoin in 2020, BCC Says

Facebook consults with representatives of the US Treasury Department and Bank of England  about regulating the initiative named Libra
24 May 2019   43

Operator of the world's largest social network Facebook Inc. will launch a new payment network based on its own cryptocurrency in the “dozen countries” in the first quarter of 2020, the BBC reports.

The publication claims that Facebook consults with representatives of the US Treasury Department and Bank of England Governor Mark Carney about regulating the initiative, code-named Libra.

At the same time, the Financial Times reported that Facebook is already in talks about listing GlobalCoin on the American exchanges Gemini and Coinbase. 

Sources of the publication said that Facebook is discussing with the trading firms Jump and DRW the prospects of market-making and liquidity.

Previously, the media claimed that the company is also in talks to support the initiative with Western Union, Visa and Mastercard.

Testing the network is supposedly scheduled for the third quarter of this year.

On May 2, Facebook registered Libra Networks in Geneva, Switzerland. Its profile involves the development of infrastructure and software, in particular, related to investment activities, payment transactions, financing, identity management, data analysis, Big Data, blockchain and other technologies.