China to crack down on 124 offshore cryptocurrency exchanges

2018-8-23 15:21

It appears that cryptocurrency businesses are on the Chinese authorities’ radar again. China is blocking access to the websites of 124 offshore cryptocurrency exchange desks in the country, South China Morning Post (SCMP) reported today.

 The ban will effectively stop the operations of these exchanges in China. According to state-run Shanghai Securities News, the authorities are also continuing to monitor and close down websites of domestic cryptocurrency exchanges and initial coin offerings (ICOs). Businesses accepting cryptocurrencies as a means of payment are on the list as well. The news comes only a day after China’s leading social media platform WeChat banned…

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