Chinese authorities are currently devising a plan to stop complete domestic access to Chinese as well as offshore cryptocurrency platforms that are enabling centralized trading, as several sources have been reporting.
Chinese bureaucrats and officials also will also be focusing on individuals and organizations which feature market-making, settlement and clearing services which ultimately are a part of centralized trading.
It must be noted that, in 2017,
regulators closed coin offerings as well as local cryptocurrency and also
impacted bitcoin mining, but despite all such measures, cryptocurrency and
bitcoin continued through various alternate ways in China.
