Date: 7 months ago   Category: Economy

China has blocked 124 offshore cryptocurrency exchanges


It seems that the radar of the Chinese authorities has again marked the illegal cryptocurrency companies. As reports South Southern Morning Post, China has blocked access to websites of 124 offshore cryptocurrency exchanges in the country, having actually stopped their operations.

It seems that the radar of the Chinese authorities has again marked the illegal cryptocurrency companies. As reports South Southern Morning Post, China has blocked access to websites of 124 offshore cryptocurrency exchanges in the country, having actually stopped their operations.

According to the state edition Shanghai Securities News, the power also continue to trace and close websites of the internal cryptocurrency exchanges and companies which are carrying out ICO including the companies accepting cryptocurrency payments.

Besides, recently conducting social WeChat media platform of China has banned several known cryptocurrency information platforms, claiming that they created a sensation around cryptocurrencies and ICO in defiance of the Chinese legislation.

the Chinese central bank hasn't commented on closing of the exchanges yet, but it is considered that all these actions are connected with ensuring financial stability in the country. we Will remind

that the cryptocurrency exchanges and ICO are forbidden in the country. In September of last year the authorities at first have forbidden ICO, and then both all local and foreign cryptocurrency exchanges. However, despite efforts of the government some companies continued the activity, and swindlers still have managed to commit a number of various crimes.

As far as actions of the authorities are expedient not quite clear as the majority of the blocked sites can be visited easily by means of the services of virtual private network (VPN) and browsers focused on confidentiality.

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