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

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

  • ChainNews posted its Telegram account on its Twitter on Nov. 15, saying it might be offline for 8-10 hours as the positioning undergoes upkeep. When requested through Telegram on Nov. 17 why the positioning was remained darkish, the ChainNews official account instructed 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 be a part of its Telegram group in an Oct. 9 pinned tweet. The information web site couldn’t be reached for remark on the time of publication.
  • Block123 additionally couldn’t be accessed on Nov. 17.
  • The two publications have continued their exercise on Twitter and Telegram, that are each banned in China.
  • The People’s Bank of China, together with seven different prime Chinese regulators mentioned they might be stepping up the oversight of media that present crypto buying and selling data, in accordance to a Sept. 24 coverage announcement that’s thought-about China’s most extreme anti-crypto transfer to date.
  • News web site and app CoinWorld additionally closed down its Beijing entity on Nov. 15, in accordance to the government’s company registration ledger, months after saying its closure in July.
  • On Tuesday, China’s prime financial planning physique reiterated its robust stance on crypto and mentioned it’s continuing to the following stage in its crypto mining crackdown.
  • On Saturday, the Communist Part’s prime anti-corruption watchdog introduced it was expelling Xiao Yi from the social gathering over his involvement in crypto mining. Yi will doubtless be essentially the most high-profile social gathering member to face fees for his assist of crypto.

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