China's internet firewall blocks Coinmarketcap and Coingecko
Coinmarketcap and Coingecko, the two leading cryptocurrency data sites, have now been blocked by China's internet firewall. Users in mainland China can no longer access these cryptocurrency data sites and gain more information on digital currencies.Recent reports and tests have indicated that China's Great Firewall has blocked access to various cryptocurrency data sites, including Coinmarketcap, Coingecko and TradingView. It is unclear when CoinGecko and CoinMarketCap became inaccessible. However, Chinese users started to notice that they could no longer access any of these platforms in the early hours of Tuesday.
CoinGecko co-founder TM Lee said they didn't actively cut off Chinese IP access. Thus, indicating that the action was taken by China's internet censorship agency.
China continues with its censorship against cryptocurrencies
This latest development indicates that China is not done with its censorship against cryptocurrencies. The Chinese government has cracked down on crypto-related activities in recent months, banning cryptocurrency mining in various provinces.Earlier this month, the People's Bank of China said all services that allow fiat currencies to be exchanged with crypto assets or between crypto-assets themselves will now be treated as illegal activities.
This has led some services to close shop in China. Huobi, one of the leading crypto exchanges in the world, announced during the weekend that hat it would gradually retire existing accounts belonging to traders in mainland China. It has also suspended new accounts from being opened from mainland China.
Yesterday, Sparkpool, one of the leading Ethereum mining pools in the world, announced that it is shutting down its services in China. The actions were due to the PBoC's latest ban on cryptocurrency transactions.
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