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China Bans Coinmarketcap, Coingecko And TradingView

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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:

 

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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.

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