China has also been a big player in bitcoin mining. That was because there used to be a number of large cryptocurrency exchanges in China, such as Huobi, BTC China and OKCoins. Back a couple of years ago, the majority of bitcoin trading activities used to happen in China. However, the blocking of cryptocurrency related websites is something new.Ĭryptocurrencies, especially Bitcoin, used to be very popular in China. Also blocked are websites related to pornography, gambling etc. It’s well known that the so-called Great Firewall of China has been heavily blocking foreign websites such as Google, Twitter, Facebook etc.

to prevent financial risks and safeguard financial stability,” said an article published on the Chinese government’s official website. “In the next step, the state will adopt a series of regulatory measures including the banning of related commercial presences, the banning and disposal of domestic and foreign virtual currency exchange websites, etc. to trade bitcoins and other cryptocurrencies. As a result, if you are in China, you might soon need to use a VPN to visit cryptocurrency exchanges such as Coinbase, Bitfinex, Gemini, Binance etc. According to a recent announcement from the Chinese government, China will soon block access to all cryptocurrency exchanges’ websites.

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