China reportedly plans to block access to foreign cryptocurrency exchanges | Droolin Dog dot Net

Bloomberg reports that China is cracking down hard on cryptocurrency activity in the country by plotting to block domestic access to foreign exchanges and platforms that allow for centralized trading. That’s worrying news for crypto enthusiasts in China, who have already seen local exchanges being shut down entirely towards the end of 2017. The country is known to house the largest community of Bitcoin mining operations worldwide. According to Bloomberg’s sources, peer-to-peer transactions won’t be policed, but any organizations that facilitate market-making, settlement, and clearing services for centralized trading will be targeted by local authorities. The news follows reports and… This story continues at The Next Web Source: https://thenextweb.com/hardfork/2018/01/16/china-reportedly-plans-to-block-people-from-using-foreign-cryptocurrency-exchanges/ Tags: > Tech and Science | #ScienceTech, #pch3lp, #TechNews, Cryptocurrency | #Cryptocurrency, pch3lp, PCH3lp, TechNews

Original Post: https://droolindog.net/2018/01/16/china-reportedly-plans-to-block-access-to-foreign-cryptocurrency-exchanges/