China Is Planning to Ban 124 Overseas Cryptocurrency Exchanges

china blocks crypto trading platforms

According to the Chinese news outlet, the government of the People’s Republic of China has detected more than 100 projects registered elsewhere but still providing crypto-related services to the Chinese citizens. All of the platforms will be subject to an immediate ban.

Due to the Chinese ban on ICO platforms and crypto trading, major exchanges like OKEx and Binance cannot provide their services on the territory of the Chinese mainland as well as any other platform even if it has a foreign IP address.

We would like to remind you that the most famous Chinese messenger WeChat has recently blocked a bunch of accounts supposedly connected with ICOs.

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