The Chinese government is reportedly moving to block domestic access to overseas websites that offer services for cryptocurrency trading and ICO investments.
A report from Financial News, a website tied to the People's Bank of China (the country's central bank), indicates that authorities there are stepping up a crackdown that began roughly a year ago.
"To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs," the website reported, according to a translation published by the South China Morning Post.
The move comes months after China formally banned investments in initial coin offerings (ICOs), deeming the blockchain use case to constitute a form of illegal financing. Authorities there also shuttered online websites for crypto-trading, with the "Big Three" exchanges closing this past fall.
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