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:
- The People’s Bank Of China Has Imposed A Ban On All Cryptocurrency Related Transactions
- 11 Companies Suspected Of Crypto Trading Were Closed By China Central Bank
- China’s Crypto Mining Crackdown Continues – What Does It Mean For The Market?
- Crypto Market Lost $1 Billion In Futures Liquidations Due China’s Evergrande Crisis
- Report: Why China Is Cracking Down On Bitcoin Mining And Crypto Trading
- China Crypto Crackdown Expands As China Central Bank Restrict Banks and Payment Providers to Deal with Crypto-Related Businesses Including Exchanges
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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