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Blocking cryptocurrency trading platforms becomes a reality in China

Blocking cryptocurrency trading platforms becomes a reality in China

China made cryptocurrency trade control even more severe. If in 2017 all cryptocurrency exchanges within the country were closed, now the blocking will affect alternative platforms.

This is due to increased activity on local and offshore platforms, as well as mobile applications, which allowed centralized trading. It is not yet known exactly how these platforms will be determined.

Among other news is a decrease in the cost of bitcoin by 1/3 of its maximum in December of 2017. In total, the market capitalization of this cryptocurrency decreased to $637.7 billion, which is several dozens of billions less than it was before.

 

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