China’s news state agency Xinhua urged the country’s authorities to tighten measures to regulate cryptocurrency trading. According to the results of the journalistic investigation, Chinese citizens continue to carry out cryptocurrency transactions through OTC and foreign ICOs.
Xinhua employees were able to purchase Bitcoins with the help of AliPay and other payment instruments. They pointed out that in November 2017, the Chinese investors serviced more than 20 foreign OTC-sites located, in particular, in Hong Kong, Japan and the United States.
“The emergence of such platforms is another attempt to circumvent the regulator’s legitimate demand,” the news agency said.
Also, according to their information, some ICO projects that have moved abroad continue to conduct their activities.