Ban Complete: China Blocks Foreign Crypto Exchanges To Counter ‘Financial Risks’

cryptocurrencies ban china visa,cryptocurrencies ban china japan,cryptocurrencies ban china uk,cryptocurrencies ban china grove,cryptocurrencies ban china king,cryptocurrencies ban china kitchen,cryptocurrencies ban china post,cryptocurrencies ban china beach,cryptocurrencies ban china buy,cryptocurrencies ban china buffet,cryptocurrencies ban china ip,cryptocurrencies ban china in box,cryptocurrencies ban china online,cryptocurrencies ban china wholesale,cryptocurrencies ban china airlines,cryptocurrencies ban china milk,cryptocurrencies ban china menu,cryptocurrencies ban china map,cryptocurrencies ban china legit,cryptocurrencies ban china lyrics,cryptocurrencies ban china review,cryptocurrencies ban china restaurant,cryptocurrencies ban china quiz,cryptocurrencies ban china quizlet,cryptocurrencies ban china quotes,cryptocurrencies ban china quote,cryptocurrencies ban china questions,cryptocurrencies ban china news,cryptocurrencies ban china coupon,cryptocurrencies ban china cup,cryptocurrencies ban china fake,cryptocurrencies ban china youtube,cryptocurrencies ban china xbox one,cryptocurrencies ban china zoll,cryptocurrencies ban china zone,cryptocurrencies ban china zip,cryptocurrencies ban china zip code,cryptocurrencies ban china zoo,exchanges ban china fake,exchanges ban china xbox one,exchanges ban china house,exchanges ban china visa,exchanges ban china video,exchanges ban china grove,exchanges ban china coupon,exchanges ban china cup,exchanges ban china post,exchanges ban china legit,exchanges ban china lyrics,exchanges ban china wholesale,exchanges ban china ip,exchanges ban china in box,exchanges ban china beach,exchanges ban china buy,exchanges ban china zoll,exchanges ban china zone,exchanges ban china zoo,exchanges ban china zip,exchanges ban china zip code,exchanges ban china online,exchanges ban china milk,exchanges ban china map,exchanges ban china menu,exchanges ban china king,exchanges ban china kitchen,exchanges ban china town,exchanges ban china japan,exchanges ban china youtube,exchanges ban china quotes,exchanges ban china quiz,exchanges ban china quote,exchanges ban china questions,exchanges ban china airlines,exchanges ban china uk,exchanges ban china review,exchanges ban china restaurant,exchanges ban china news,bitcoin ban china reddit,bitcoin ban china,bitcoin ban in china,bitcoin ban china coupon,bitcoin ban china cup,bitcoin ban china japan,bitcoin ban china jobs,bitcoin ban china beach,bitcoin ban china buy,bitcoin ban china airlines,bitcoin ban china fake,why did china ban bitcoin,will china ban bitcoin,bitcoin ban china king,bitcoin ban china kitchen,bitcoin ban china milk,bitcoin ban china map,bitcoin ban china menu,bitcoin ban china uk,bitcoin ban china online,bitcoin ban china visa,bitcoin ban china zoll,bitcoin ban china zip code,bitcoin ban china zip,bitcoin ban china zone,bitcoin ban china zoo,bitcoin ban china wholesale,bitcoin ban china wikipedia,bitcoin ban china post,bitcoin ban china youtube,bitcoin ban china news,bitcoin ban china xbox one,bitcoin ban china quiz,bitcoin ban china questions,bitcoin ban china quotes,bitcoin ban china legit,bitcoin ban china limited,bitcoin ban china live

China will add offshore cryptocurrency exchanges and ICO websites to its Great Firewall, the South China Morning Post reported Monday, reported Feb. 5, quoting a publication affiliated with the People’s Bank of China (PBoC).

Regulators in China reportedly voiced dissatisfaction with current measures restricting trading on domestic exchange sites, coming to a decision to block foreign sites as well to counter “financial risks”.

In January, a fresh crackdown from Beijing saw fringe trading platforms such as P2P and over-the-counter resources banned, adding to a blanket embargo on crypto-to-fiat trading and ICOs in place since September 2017.

At the same time, mixed signals have been given over the status of cryptocurrency mining, while Monday’s website block comes after Cointelegraph reported that ads relating to cryptocurrency had all but disappeared from domestic sites in China.

Now lawmakers say they wish to counter contingency moves from traders who sought to circumventthe trading ban by using foreign platforms.

“To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs,” the South China Morning Post quotes the PBoC-related publication as saying. The quote continues:

“ICOs and virtual currency trading did not completely withdraw from China following the official ban… Overseas transactions and regulatory evasion have resumed… [R]isks are still there, fuelled by illegal issuance, and even fraud and pyramid selling.”

Leave your vote

428 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Leave a Reply

Your email address will not be published. Required fields are marked *