“The move comes months after China formally banned investments in initial coin offerings (ICOs), deeming the blockchain use case to constitute a form of illegal financing. Authorities there also shuttered online websites for crypto-trading, with the ‘Big Three’ exchanges closing this past fall. The new reports show that China is now targeting overseas websites catering to local users. According to the translation from SCMP, the actions are begin taken because ‘after the closure of the domestic virtual currency exchanges, many people turned to overseas platforms to continue participating in virtual currency transactions.'”
Read more: https://www.coindesk.com/report-china-cutting-access-to-overseas-crypto-trading-websites/
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