JANUARY 15, 2018 / 11:04 PM
China to block cryptocurrency platforms that allow centralized trading: Bloomberg
Reuters Staff
BEIJING (Reuters) - Chinese authorities plan to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralized trading, Bloomberg reported Monday citing sources.
A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017.
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.
Reporting by Beijing Monitoring Desk; Editing by Nick Macfie
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