China to block cryptocurrency platforms that allow centralised trading
16 Jan 2018 7:53 AM IST
Chinese authorities will target individuals and companies providing market-making, settlement and clearing services for centralized trading.
Karnataka & Goa on Wednesday piloted fact-finding searches at the nine exchanges of Bitcoin in the country, including two in Bengaluru. (Photo: DC)
Chinese authorities plan to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralised trading, Bloomberg reported Monday citing sources.
Chinese authorities will also target individuals and companies that provide market-making, settlement and clearing services for centralized trading, Bloomberg reported.
Last year, Chinese regulators banned initial coin offerings, shut down local cryptocurrency trading exchanges and limited bitcoin mining - but activity in the cryptocurrency and bitcoin space has continued through alternative channels in China despite the crackdown.
( Source : reuters )
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