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China moves to shut down cryptocurrency market

China to stamp out cryptocurrency trading completely with ban on foreign platforms

China will block all websites, foreign and domestic, providing information related to cyrptocurrency trading and initial coin offerings in an effort to completely shut down the cryptocurrency market, according to a report by Financial News, a publication associated with the People’s Bank of China. When China banned cryptocurrency trading and ICOs in September, some investors simply shifted to offshore platforms.

South China Morning Post (Hong Kong) (05 Feb.)

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