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China Bans Coinmarketcap, Coingecko And TradingView

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:

 

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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