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.
Lol. They've done it last year and the effect on the entire crypto market was temporary. We even broke a lot of all time highs sans the chinese. Whether they crakdown on their exchanges, it won't matter in the long run. I feel bad though for the local chinese traders