China has declared initial coin offerings illegal and plans to cut off
domestic access to platforms and exchanges that enable people to trade digital currencies.
Not exact matches
Officials now intend
to block
domestic access to online
platforms and mobile apps that offer exchange - like services for cryptocurrencies.
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Chinese authorities plan
to block
domestic access to Chinese and offshore cryptocurrency
platforms that allow centralized trading, Bloomberg reported Monday citing sources.
on Monday, January 15, 2018, that the Chinese government is escalating its crackdown
to include
domestic cryptocurrency trading by planning
to block
access to online
platforms, exchanges, market - makers and mobile application
platforms that cater
to Chinese citizens.
The final straw for the China thesis were reports on Monday, January 15, 2018, that the Chinese government is escalating its crackdown
to include
domestic cryptocurrency trading by planning
to block
access to online
platforms, exchanges, market - makers and mobile application
platforms that cater
to Chinese citizens.
Chinese authorities reportedly plan
to prevent all residents of the country from having
access to foreign ICO
platforms offering digital trading services, as previous attempts
to shut down
domestic exchange websites have not completely eliminated trading activities.
China's clampdown on cryptocurrencies continues as financial authorities reportedly plan
to block
domestic access to cryptocurrency trading
platforms that enable centralized trading, within China and beyond.
Citing sources, Bloomberg is reporting that China's authorities are weighing up measures «
to block
domestic access to homegrown and offshore
platforms that enable centralized trading.».
According
to anonymous sources, the government now «plans
to block
domestic access to homegrown and offshore
platforms that enable centralized trading» while remaining silent on» how policy makers define such
platforms.»
Now, according
to a recent Bloomberg report, Chinese authorities have plans
to block
domestic access to centralized trading
platforms, as well as offshore cryptocurrency trading
platforms.
The Chinese authorities have already blocked
access to all
domestic and offshore cryptocurrency trading
platforms; Hong Kong is yet
to do so.
CCN also reported that central bank officials are planning
to block
domestic access to cryptocurrency trading
platforms that are located off the mainland, widening its crackdown on centralized trading that began last year when regulators ordered the shutdown of local exchanges.
Beijing's ongoing move
to ban and censor
access to domestic cryptocurrency businesses and international exchange
platforms respectively comes within a week of China's internet finance association learning that previous measures
to eradicate investments into cryptocurrencies have failed.
China had forced the closure of
domestic cryptocurrency exchanges that offered fiat -
to - cryptocurrency trading pairs last September, but some investors told Caixin that they were still able
to access the offshore
platforms.