On September 28, reports from social media and crypto-focused forums detailed that China is blocking a number of crypto websites. 8btc News’ Twitter handle tweeted that the web portals coinmarketcap.com and coingecko.com have been banned from mainland China. The Great Firewall, as it is often called, has blocked a number of other websites such as tradingview.com as well.
Crypto web portals are currently not accessible in China
One thing the world knows is that China loves to censor the internet and with Beijing’s combination of legislative measures and technologies, the Great Firewall (GFW) is in full force today.
With the forces deployed by the China Cyberspace Administration (CAC), along with the help of SIIO and the Golden Shield Project, many international web domains are inaccessible to Chinese residents. Internet users in China cannot access sites such as Wikipedia, Twitter, Facebook, Google and a large amount of other foreign information sources.
The latest crackdown on cryptocurrency by the Chinese authorities began at the end of September as the People’s Bank of China asserted that users of mainland China accessing offshore cryptocurrency exchanges were an illegal infringement.
The announcement caused a bloodbath in the cryptocurrency markets; The actions of the People’s Bank of China (PBOC) triggered major on-chain and over-the-counter (OTC) transactions. Offshore crypto exchanges have also told customers from China that they will not provide services to Chinese residents.
Then on September 28, 2021, the Twitter handle of . was used 8btc news Share a screenshot on the social media platform showing that two crypto-related websites cannot be accessed in China. It seems both [coinmarketcap.com] And [coingecko.com] IP addresses from China blocked” tweet Hinge.
Tiger Securities and Futu Ban
As Chinese journalist Colin ‘Wu’ Blockchain revealed last week that the Chinese [version of] Robinhood “Futu has blocked specific grayscale functionality.
“According to Futu (Chinese robinhood), at the request of the Hong Kong Securities Regulatory Authority, GBTC/EHTE/ETCG/GDLC/OBTC/LTCN/BCHG will ban new positions from October 1, 2021,” Wu Blockchain noted. “Tiger Securities, another Chinese online stock trading platform, has issued a similar notice,” the journalist added four days later on September 28.
With stock apps banning Chinese residents from specific crypto-related funds and website bans, Beijing is getting more serious than ever. The greatfire.org web portal verification website states that both coinmarketcap.com and coingecko.com are 100% inaccessible to citizens residing in China.
Tradingview.com is also banned, huobi.com is banned, and okex.com is banned. Bitstamp is 100% blocked in China, uniswap.org is not accessible. Coinbase was banned on September 27, 2021, according to an analyst at greatfire.org.
Of course, Mainland China residents and visitors can try to access these websites via a Virtual Private Network (VPN) or a different proxy. greatfire.org website analyzer also has an alternative website analyzer called BLOCKY which can check websites blocked by GFW as well.
What do you think of the Great Firewall in China that blocks some crypto-related websites? Tell us what you think about it in the comments section below.
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