• Days
  • Hours
  • Mins
  • Secs
  • Sun, 15 Sep 2019, 07:43 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Chinese regulators look to block 124 foreign crypto exchanges amid wider crackdown

Thu, 23 Aug 2018, 09:21 am UTC

Chinese financial regulators are continuing with their crackdown on crypto businesses in the country and are now targeting foreign cryptocurrency exchanges offering trading services in China.

Referring to a report from Shanghai Securities Times, CoinDesk reported that the China National Fintech Risk Rectification Office, a government agency tackling financial risks in areas such as p2p lending and cryptocurrency trading, has identified 124 trading platforms with overseas IP addresses and is looking to block these platforms.

The People’s Bank of China banned initial coin offering (ICOs) and cryptocurrency trading in the country last September. Thereafter, domestic cryptocurrency exchanges have moved their businesses to other countries.

Recently, WeChat reportedly blocked a number of crypto and blockchain related media accounts after some public accounts were suspected of publishing Initial Coin Offering (ICO) and crypto trading hype information.

According to the latest report, the agency will permanently shut down domestic websites and official accounts on the WeChat platform if found to be offering cryptocurrency trading and ICO services. It is reportedly in talks with third-party payments vendors that are required to inspect and stop accounts suspicious of handling cryptocurrency transactions.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,362.80 (+0.28%)
  • Ethereum (ETH) $188.53 (+4.32%)
  • XRP (XRP) $0.263400 (+3.07%)
  • Bitcoin Cash (BCH) $306.29 (+2.69%)
  • Litecoin (LTC) $70.87 (+3.02%)
  • Bitcoin (BTC) $10,362.80 (+0.28%)
Sep 13, 2019 (Friday)
11:12
Libra Association head confident about crypto launch in H2 2020
10:42
Blockchain industry welcomes Mastercard-R3 collaboration, but skeptical about the future of private networks
09:52
tZERO to bring blockchain to film financing via new partnership
09:11
France mulls blocking Facebook's Libra project on European soil as FINMA chief weighs pros and cons of the cryptocurrency
07:26
Thailand's PTT, Energy Web Foundation to develop blockchain renewable energy marketplace
07:17
Russia’s Alfa-Bank launches liquidity management service on Waves Blockchain
06:40
Zelle co-founder Mike Kennedy replaces Adam Ludwin as CEO of Interstellar
06:34
Crypto Technicals: XMR/USD recovery lacks traction, price action capped below 21-EMA (75.86)
05:56
Crypto Technicals: BTC/USD trades range-bound, no clear directional bias
05:03
PundiX to launch a fully blockchain-powered phone Blok on Blok (BOB)
04:54
Cryptokitties maker Dapper Labs secures $11.2M to develop blockchain Flow, scores deals from Warner Music, Ubisoft
04:48
Crypto exchange Huobi likely to attempt backdoor IPO in Hong Kong
03:49
Binance's NYDFS-approved stablecoin BUSD is now live on Paxos, to be listed on Binance next week
03:33
Deutsche Telekom's T-Labs launches blockchain e-mobility pilot 'Xride'
Sep 12, 2019 (Thursday)
12:24
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:13
Binance Futures to go live on September 13
11:43
Santander issues $20M bond using Ethereum blockchain
08:55
Binance US to open user registration next week
07:38
Marshall Islands to launch a pre-sale for its blockchain-based national cryptocurrency
06:38
United Kingdom leads with most number of registered cryptocurrency exchanges: Study
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft