Chinese financial regulators are going to block more than 100 foreign bitcoin exchanges, offering trading services to residents of the country.
According to the publication Shanghai Securities Times, publishes official orders financial regulators China, Service risk control in the field of Finance found 124 trading platform using a foreign IP address and at the same time available within the state.
In the ongoing struggle with the activities associated with cryptocurrency trading, the Agency will monitor the Internet space and to limit access to such platforms, the report said.
Service risk control in the field of Finance was formed by the State Council of China in 2016 and is engaged in financial risk in lending between individuals, trade cryptocurrencies, etc.
In September 2017 the people’s Bank of China has recognized the holding of ICO and cryptocurrency trading illicit activities in the country. Following this decision the local exchange cryptocurrencies began to massively move your business abroad.
Currently, several major bitcoin exchanges, including Binance, OKEx and Bitfinex, not available to users with Chinese IP addresses.
The report also States that local web sites and accounts messenger WeChat threatens eternal lock, if it is determined that they provide services for trading digital currencies or holding of ICO.
The regulator said that he is negotiating with third-party services, so they paid special attention to the accounts that can be used for the implementation of cryptocurrency transactions, and suspended their activities.
This week it became known that the accounts of several Chinese cryptomeria messenger WeChat was blocked. In addition, in one district of Beijing were forbidden to hold activities related to promotion of the cryptocurrency.