Saturday, October 16, 2021
Home Crypto News Market China Bans Coinmarketcap, Coingecko And TradingView

China Bans Coinmarketcap, Coingecko And TradingView

- Advertisement -

Three of the most popular crypto market data sites have now become inaccessible to mainland China based users.

Read: Amid Chinese Crackdown, Alibaba Bans All Cryptocurrency Miner Sales On Its Platform



Search results on Comparitech, a website that allows users to check if a particular domain has been blocked in China, confirm that Coinmarketcap, Coingecko and Tradingview websites are currently inaccessible in China.

It is not clear when exactly they became inaccessible, but users noticed the blockage early Tuesday.

It appears that these websites did not cut off Chinese IP access, rather they were made inaccessible by the Chinese Internet Custody Authority.

 

The Chinese authorities have been taking a tough stance on cryptocurrencies for a number of years. The country has threatened to ban cryptocurrencies in one form or another several times since 2009.

In the last few months, however, the situation seems to be getting more serious. On September 15, the People’s Bank of China (PBOC) declared that all cryptocurrency-related activities, including mining and operating crypto exchanges, were illegal.

 

In addition, according to the announcement circulated by the central bank, authorities have threatened to investigate anyone involved in marketing, advertising, payment processing or technical support for overseas crypto exchanges.

While possession of cryptocurrencies has not yet been made illegal, the recent raid has made it difficult for Chinese citizens to legally acquire, hold, or use crypto.

Read more on China Crypto War:

 

- Advertisement -
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Realvision Founder Raoul Pal, “You Can Be Angry At Central Banks, Governments Or You Can Be Optimistic And Migrate To The New World Of...

RealVision founder Raoul Pal made important statements on digital currencies on Twitter. window.coinzilla_display = window.coinzilla_display || ; ...

El Salvador President, Nayib Bukele Says Citizens Are Using More USD To Buy Bitcoins

El Salvador President Nayyib Bukele shared two facts about the cryptocurrency wallet Chivo. window.coinzilla_display = window.coinzilla_display ||...

SEC Tacitly Approves First Bitcoin Futures ETF

The US Securities and Exchange Commission (SEC) has approved the ProShares application to launch the Bitcoin Futures ETF. Trading starts on Monday, October 18th. Also...

Bitcoin Above $60K After Twitter CEO, Jack Dorsey Said Square Is Considering Building A Bitcoin Mining System

Jack Dorsey says that Square is “considering” building its own Bitcoin mining system using custom silicon and open-source software. Read: Vladimir Putin: “Cryptocurrencies Have A Right...

CFTC Fined Bitfinex And Tether To Pay $42.5 Million Over USDT Backing

The United States Commodity Futures Trading Commission (CFTC) has settled claims against Tether and Bitfinex, ordering the company to pay fines totaling $ 42.5...

Bank Of Japan: “The Digital Yen Should Be Compatible With All Payment Services”

Executive Director of the Bank of Japan, Shinichi Uchida, believes that the digital Yen should be as simple and convenient to use as possible,...

Morgan Stanley CEO: “I Don’t Think Crypto Is A Fad, I Don’t Think It’s Going To Go Away”

Morgan Stanley CEO James Gorman said that the bank's clients show little interest in cryptocurrencies, but expressed confidence that digital assets will remain for...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.