China to Block ALL Cryptocurrency Websites

in #crypto-news7 years ago

Chinese government to block ALL crypto webistes inside the country, including crypto advertising. Apparently banning ICOs in September of 2016 wasn't going far enough for the communist regime.

https://www.financemagnates.com/cryptocurrency/news/china-block-cryptocurrency-websites-markets-red/

Hong Kong and Tokyo have become popular destinations for fleeing exchanges like BTCC and Binance. Bitmain the huge Chinese chip manufacturer recently opened an office in Zug Switzerland. Zug is often refered to as "Crypto Valley" due to its welcoming of blockchain and crypto companies.

Sd5X1Ysc-UkaZMM7LfAIQ-yyJtGX0KI4UV7e2Vwdkt4.jpg

Chinese citizens are still able to use exchanges in Korea and Japan

The Chinese government is going to miss out on this booming sector giving it to regional competitors such as Japan, Korea and Singapore. Not a smart move guys.

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