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.
I also read this news, and I believe is just a rumour. If this is true, then government wants to control their people and their economy. This is happening because people now prefer an investment in which they can monitor and can give them instant profit. Banks are losing in the track and money wont come in.