China has previously taken steps to curb cryptocurrency trading in the country, but recent moves may eliminate trading in the country completely.
A news publication affiliated with the People’s Bank of China (PBOC) said in an article on Sunday that it would block access to all domestic and foreign cryptocurrency exchanges and ICO websites, the South China Morning Post reported.
China already banned bitcoin exchanges in late 2017 as a way to stem online trading, but the attempt failed to eliminate cryptocurrency trading completely.
“ICOs and virtual currency trading did not completely withdraw from China following the official ban,” the article said, according to SCMP.
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