REGULATIONS

China is going to block all the external cryptocurrency exchanges?

China is being extremely proactive in limiting the cryptocurrency activity in the country. Bloomberg report, that the government is planning to hatch a plot in order to block domestic access to all the foreign exchanges and platforms that allow for centralized trading.

As China has the biggest Bitcoin mining community in the world, all chinese crypto enthusiast are agitated. They have already observed the abandonment of all the local exchanges in the end of 2017.

Local authorities will be taking a closer look at companies and organizations that are producing, paying off or clearing their funds for centralized trading. Peer-to-peer transactions will still remain legal.

China still remains to be the heart of crypto mining, even despite the significant growth for the electricity and other resources necessary for this business.

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blockchain, ICO, bitcoin, ethereum, mining

REGULATIONS


China is going to block all the external cryptocurrency exchanges?

Published by blockchain, ICO, bitcoin, ethereum, mining