According to media reports, the Chinese authorities announced the blocking of all websites (both domestic and foreign) connected with the trade in crypto-currencies and ICO. This step can put an end to the debate regarding further scenarios for the development of the country’s cryptocurrency sector.
According to a Sunday Financial News, a newspaper owned by the Central Bank of China, the authorities prepared a number of regulatory measures aimed at further actions to completely ban crypto-currencies.
The People’s Bank of China stepped up control of domestic exchanges in early 2017. China first published a “notification” of the ban on the initial offer of coins on September 4. It implied the closure of domestic cryptocurrency exchanges, obliging them to completely stop trading activities by September 30.
According to yesterday’s report, the Central Bank of China went even further in creating an effective firewall designed to keep Chinese traders and investors from using the websites of international cryptocurrency exchanges. The implementation of the regulatory blockade is carried out as a “notification”.