The Chinese authorities will block all platform for cryptocurrency trading.
Previously, China has closed all major cryptocurrency exchanges under the jurisdiction of the country, however, according to the authorities, this is not enough, and they plan to block access to local and offshore platforms that allow for centralized manufacturing. It is reported Bloomberg citing sources familiar with the situation.
Last year the authorities decided to close the cryptocurrency exchanges under the jurisdiction of the country. However, she was recently seen increased activity on alternative venues. The sources Bloomberg did not specify how the authorities will define such platform.
any source? or is it old news? south korean banned exchange and shutdown bitcoin. is the cause of down trend today.
the market is recovering slowly now.
South Korean banned in trading it is last week news. This is also affect the cryptocurrency value. But know China also banned in the trading. In China is the huge competitors are available in the country. So many of the users are affected in the trading. This is the current trending news in all over the world. It will be recovering in more than two months. So majority of the investors are selling the Bitcoin.