According to a Chinese journalist, local search engines have blocked queries for three of the most popular digital asset trading venues.. Those are Huobi, OKEx, and Binance.
Apparently some of the most used social media platforms, like Weibo and Zhihu, have done the same.
Weibo also blocked accounts of prominent figures related to the cryptocurrency industry.
China’s crackdown on cryptocurrencies has been going on since 2013.
Chinese regulators ban financial institutions and payment companies from providing services related to cryptocurrencies.
Three financial industry associations directed their members not to offer any crypto-related services, such as account openings, registration, trading, clearing, settlement and insurance.
The People’s Bank of China (PBOC) said “virtual currencies are not supported by any real value” China does not recognise cryptocurrencies as legal tender and the banking system does not accept them or provide relevant services.
In September 2017, China banned Initial Coin Offerings (ICOs) in a bid to protect investors and curb financial risks . In July 2018, 88 virtual currency trading platforms and 85 ICO platforms had withdrawn from the market
