Some Chinese Crypto News Sites Appear to Go Dark As Crackdown Continues

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Chinese language crypto information websites ChainNews, Odaily, and knowledge platform Block123, had been inaccessible on Wednesday, because the Chinese language authorities continues to crack down on the crypto trade.

  • ChainNews posted its Telegram account on its Twitter on Nov. 15, saying it could be offline for 8-10 hours as the positioning undergoes upkeep. When requested by way of Telegram on Nov. 17 why the positioning was remained darkish, the ChainNews official account advised CoinDesk that Twitter and Telegram would proceed to be up to date throughout the web site replace.
  • Odaily was additionally inaccessible on Wednesday, and had invited its viewers to hitch its Telegram group in an Oct. 9 pinned tweet. The information website couldn’t be reached for remark on the time of publication.
  • Block123 additionally couldn’t be accessed on Nov. 17.
  • The 2 publications have continued their exercise on Twitter and Telegram, that are each banned in China.
  • The Individuals’s Financial institution of China, together with seven different high Chinese language regulators stated they might be stepping up the oversight of media that present crypto buying and selling info, in response to a Sept. 24 policy announcement that’s thought of China’s most extreme anti-crypto transfer up to now.
  • Information website and app CoinWorld additionally closed down its Beijing entity on Nov. 15, in response to the government’s company registration ledger, months after announcing its closure in July.
  • On Tuesday, China’s high financial planning physique reiterated its robust stance on crypto and stated it’s continuing to the following stage in its crypto mining crackdown.
  • On Saturday, the Communist Half’s high anti-corruption watchdog introduced it was expelling Xiao Yi from the celebration over his involvement in crypto mining. Yi will seemingly be essentially the most high-profile celebration member to face prices for his assist of crypto.

Learn extra: China’s NDRC to Consider Punitive Electricity Prices for Crypto Mines



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