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  • China to block domestic access to Chinese and offshore cryptocurrency trading platforms

China to block domestic access to Chinese and offshore cryptocurrency trading platforms

Reuters • January 16, 2018, 09:29:41 IST
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Last year, Chinese regulators banned initial coin offerings, shut down local cryptocurrency trading exchanges and limited bitcoin mining

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China to block domestic access to Chinese and offshore cryptocurrency trading platforms

Chinese authorities plan to block domestic access to Chinese and offshore **cryptocurrency platforms** that allow centralised trading, Bloomberg reported on 16 January citing sources. [caption id=“attachment_4279327” align=“alignleft” width=“380”] ![Representational image. Reuters.](https://images.firstpost.com/wp-content/uploads/2017/12/BITCOIN_REUTERS_3802.jpg) Representational image. Reuters.[/caption] The 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.

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