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China to block cryptocurrency platforms that allow centralised trading

Published January 15, 2018 Updated January 15, 2018 12:32pm

Chinese authorities will also target individuals and companies that provide market-making, settlement and clearing services for centralized trading, Bloomberg reported.

Last year, Chinese regulators banned initial coin offerings, shut down local cryptocurrency trading exchanges and limited bitcoin mining - but activity in the cryptocurrency and bitcoin space has continued through alternative channels in China despite the crackdown.

 

Copyright Reuters, 2018