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 think they do it because they want to be good for their country. What do you think is going to happen in a country where price fluctuations are so high in your country? It is the people who will invest all the capital they have and when they are not lucky they will lose everything. It's not just one person that can happen to thousands or maybe millions of people. The bad thing is that the economy of that country will be severely depressed and of course their real money will be depreciated. That's my own opinion, can you tell me your opinion?