7 months ago

The Chinese risk management unit will continue to monitor and block access to 124 trading platforms. The regulator’s duel with crypto companies continues.

As reported earlier, China is also taking steps to ban media channels related to crypto events, and is now ready to block more than 120 foreign crypto exchanges that offer commercial services to the Chinese people.

It was further reported that the agency will permanently close web addresses and accounts in the WeChat application if they find that they provide services for ICOs.

Tencent, owner of WeChat, confirmed the reason for this ban, as it was determined that these accounts provided services for crypto. Some of them were ordered to cease operations altogether.