China will block 124 foreign cryptocurrency exchanges

China will block 124 foreign cryptocurrency exchanges


The Chinese financial regulators plan to limit activity more than 100 foreign cryptocurrency exchanges that offer to services of trading in digital assets the citizens of China.

Edition of Shanghai Securities Times, megaphone of the Chinese financial regulators, reported on Thursday, on Augusts, 23, that the Chinese national management in a fintech sphere defined risks 124 trade platforms with the foreign IP- addresses, operating in the PRC. A management plans in the near time to block access to these trade platforms, talked in a lecture.

Authorized agent in 2016 by Chinese state advice, Chinese national management risks in a fintech sphere is by public institution, that engages in determination and prevention of the national financial risks related to the peer-to-peer networks and trading in cryptocurrencies.

Presently, as reported, internet-access to a few popular exchanges, such as Binance, OKex and Bitfinex, inaccessible on IP- to the addresses in China.

Today in the report the Agency also stated that it will permanently block the internal websites and official communities of cryptocurrency companies in WeChat if it is revealed that they are trading in cryptocurrencies. It is noteworthy that the day before yesterday Messenger WeChat blocked the channels of several cryptocurrency media. Jinse, Deepchain, Huobi News and CoinDaily were hit.

Recall, earlier we reported that the State Chancellery of China for Information, responsible for supervision and inspection on the Internet and the media, announced the search for a specialist in the field cryptocurrency in the light of the frequent use of distributed registries to circumvent Internet censorship in the Middle Kingdom.

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