China: After Banning Exchanges, Authorities Move To Close ‘Exchange-Like Services’

JulienJ

Member
Chinese authorities are quietly stepping up a crackdown on cryptocurrency exchanges to include“market-making” platforms and similar services, according to anonymous sources cited by Bloomberg in an article Monday, Jan. 15.

As attention focuses on South Korea’s regulatory battle with cryptocurrency trading, Bloomberg reports that across the border, where official crypto-to-fiat exchanges have been banned since September, “exchange-like services” are now also on officials’ radar.

According to anonymous sources, the government now “plans to block domestic access to homegrown and offshore platforms that enable centralized trading” while remaining silent on ”how policy makers define such platforms.”

The move is allegedly in response to an “uptick” in trading activity.

Chinese investors have sought to circumvent September’s exchange ban by resorting to alternative trading environments such as peer-to-peer platforms and over-the-counter deals.
Popular peer-to-peer trading site Localbitcoins saw the impact of the ban in numbers as traders piled in, generating record volumes, which in September hit as high as 115 mln yuan ($17.8 mln) per week.

Source
 
Thread starter Similar threads Forum Replies Date
Prashant Sharan Chinese Domains: Kassey Lee explains why 3L domains are important in China Non-Indian Domains 0
Prashant Sharan Chinese Domains: LLNNN domains with HG prefix are a hit in China Non-Indian Domains 0
Prashant Sharan Chinese Domains: China has 21 of the top 50 global sites when it comes to Alexa Rank Non-Indian Domains 0
Prashant Sharan This is the way to use two-number domains in China Non-Indian Domains 0
Prashant Sharan Domain preference of top 100 internet companies in China Non-Indian Domains 0
Prashant Sharan 4 Digit domains rake in good numbers in China Non-Indian Domains 0
Prashant Sharan Using 4.cn to see domain sales in China Resources 0
Prashant Sharan Direct Navigation is pushing demand for domains in China Resources 0
Prashant Sharan The domain preference of AI startups in China Non-Indian Domains 0
Prashant Sharan Western end users show interest in buying domains from China Registrars 0
Prashant Sharan The magic spell for selling domains in China Resources 0
Prashant Sharan The performance of dotOrg in China Non-Indian Domains 0
Prashant Sharan This makes 2 letter domains really valuable in China Resources 0
Prashant Sharan LLL domains can fetch you good end user value in China Non-Indian Domains 0
Prashant Sharan Kassey Lee examines .icu in China New GTLDs 0
Prashant Sharan dotNet market pie in China Non-Indian Domains 0
Prashant Sharan Understanding China' domain behaviour - Companies upgrade to shorter domains Business and Economy 0
Prashant Sharan Morgan Linton explains how China's declining Venture Capital Boom may increase domain names' demand? Non-Indian Domains 0
Prashant Sharan Could Numeric domains work in China? Non-Indian Domains 0
Prashant Sharan Paranoid ICANN announces creation of another root server instance in China Registrars 0
Prashant Sharan China's Global Digital Summit Returns to Xiamen Resources 0
Prashant Sharan Happy New Year to China Non-Indian Domains 0
Prashant Sharan Afilias operated gTLDs approved in China Non-Indian Domains 0
Prashant Sharan Radix now has China approval for whole TLD stable New GTLDs 0
JulienJ Is .Com still king in China? Non-Indian Domains 0
JulienJ Changes to China’s domain name system The Lounge 0
JulienJ Top Food Takeout App in China works on a .ME Webmaster Forum 0
JulienJ Direct visits lead to spectacular domain prices in China Non-Indian Domains 0
domainking131 10 common domain name mistakes made by startups in China Webmaster Forum 2
domainking131 With BTCChina Ready to Stop Withdrawals, China Bitcoin Gates are Closing Cryptocurrencies 2
JackD BitCoins crashing due to China??? Cryptocurrencies 1
domainking131 NamesCon china conference announced The Lounge 0
domainking131 .Club domains get government approval and can now be hosted in China New GTLDs 3
domainking131 Three Sales of Seven Figure CNY Range in China Non-Indian Domains 0
domainking131 .VIP Breaks Registration Records in China New GTLDs 0
domainking131 .com approved in China, but on April 5? Non-Indian Domains 0
domainking131 All about China with Raymond Li and Simon Cousins Non-Indian Domains 0
domainking131 China’s bulls and bears Non-Indian Domains 0
domainking131 Direct traffic is No. 1 in China Webmaster Forum 0
domainking131 Summary of Global Domain Summit in Hangzhou, China The Lounge 0
franka 8cn.red [CN China] flippa.com External Auctions 0
domainking131 China may be the largest domain market Non-Indian Domains 11
domainking131 BY.com moves to China Non-Indian Domains 0
domainking131 Interesting read: Domain mutual funds in China Non-Indian Domains 0
domainking131 A stabilisation in China Indian Websites and Start-ups 0
domainking131 India replaces China as top FDI destination in 2015 The Lounge 0
domainking131 Over 53% Of New gTLD Are Registered In China New GTLDs 0
domainking131 Domain investor from China cashed his ‘chips’ Non-Indian Domains 0
W China Making Domain Name History The Lounge 0
domainking131 Chinese domain market sales : Wall Street bankers from China head back home Non-Indian Domains 0
Similar threads


















































whois



Forums dedicated to Indian domain names, including buying, selling, appraising, developing, and monetizing.

About Us

Threads
26,354
Messages
73,208
Members
7,606
Latest member
adroitdomains
Top Bottom