China to block internet access to 124 exchanges, cracking down on crypto

23 Aug, 2018
by Joeri Cant
News
China to block internet access to 124 exchanges, cracking down on crypto

According to Coindesk, the China National Fintech Risk Rectification Office will continue to monitor and block the internet access to 124 overseas trading platforms. The Chinese crackdown on cryptocurrencies continues.

As previously mentioned on Chepicap, China is taking steps to ban media channels, crypto related events and seems now ready to block more than 120 overseas crypto exchanges that are offering trading services to Chinese residents.

It was further reported that the agency will permanently shut down domestic websites and official accounts on the WeChat messaging app if they are found to be providing crypto trading and ICO services.

Tencent, owner of WeChat, confirmed the reason for this ban was because these accounts were found to have provided crypto trading and ICO services. Some of them were ordered to shut down permanently.

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