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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

China escalates crackdown on cryptocurrency trading

By cpowell
Created 2018-01-16 13:39

From Bloomberg News
Monday, January 15, 2018

China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter.

While authorities banned cryptocurrency exchanges last year, they have recently noted an uptick in activity on alternative venues. The government plans to block domestic access to homegrown and offshore platforms that enable centralized trading, the people said, without being more specific about how policy makers define such platforms.

Authorities will also target individuals and companies that provide market-making, settlement, and clearing services for centralized trading, the people said, asking not to be named because the information is private. Small peer-to-peer transactions are not being targeted, they said. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-01-15/china-is-said-to-esca... [1]



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