Chinese Traders Skirt Bans with Off-exchange Platforms

February 14, 2018

Xinhua, the state news agency in People’s Republic of China, has directed the attention of authorities at the necessity of clamping down crypto trading regulations. According to their investigation, citizens of China conduct operations using off-exchange sites and foreign ICO.

For instance, Xinhua members acquired Bitcoins with AliPay and payment systems alike after having registered at Huobi Pro. They noted, Chinese investors bought services at more than 20 foreign platforms of Hong Kong, Japan and the USA in November 2017.

PRC authorities would to claim before, they plan to tighten grip over admitting local investors to foreign platforms and ICO.

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