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China blocks access to Binance.com to curb bitcoin trading

Key facts:

The lock covers servers in Beijing, Shenzhen, or provinces like Heilongjiang.

Exchanges like Huobi, Bitfinex, Kucoin, Bithumb, and Bitstamp are also blocked.

China’s long regulatory arm caught up with Binance and its website. The website of the bitcoin exchange (BTC), binance.com, was blocked by the local computer security system or firewall, a situation that would have been happening since last Thursday, July 8.

Other bitcoin and cryptocurrency exchange websites that remain blocked by the Chinese firewall are: Huobi, Bitfinex, Kucoin, Bithumb, Bitstamp, Okex, Poloniex, and Okcoin, for example. Meanwhile, the web pages of Kraken, Bittrex and Coinone do have direct access without the use of VPN.

According to the China Firewall Test service, the address or URL of the exchange is blocked in the country, which includes servers in Beijing, Shenzhen, Inner Mongolia, and Heilongjiang and Yunnan provinces, for example. When trying to verify access to binance.com, the service throws the following message:

«No server could reach your website. This means your site is most likely not accessible from mainland China. ‘ A similar message was reflected by the platform when CriptoNoticias verified access to the binance.us address, the exchange’s website in partnership with BAM Trading Services, which serves the United States market. The situation is repeated with the P2P platform or peer market.

China firewall test.

China’s computer security firewall or “wall” blocked access to the cryptocurrency exchange. Source: China Firewall Test.

The government restriction against Binance would be forcing users to use VPN services or virtual private networks. According to reports spread on social networks, the exchange would be using alternative emergency methods to evade the blockade. However, this information could not be officially verified.

Surge of restrictions against Binance

Binance’s operations in multiple countries or territories are being restricted. CriptoNoticias recently reported that the exchange has experienced regulatory difficulties in at least six nations. Cayman Islands and Thailand are the last to be banned from operatingBut the restrictions of the United Kingdom, Singapore, Japan and Malaysia had already passed.

International regulators are not only putting the magnifying glass closer in relation to the exchange’s operations. In April the UK’s Financial Conduct Authority (FCA) and Germany’s Federal Financial Supervisory Authority (BaFin) began investigating the exchange for offering services related to tradable stock tokens.

According to figures from the CoinGecko service, Binance is the main cryptocurrency exchange with a daily volume of about 10.75 billion dollars. Currently the platform offers more than 300 crypto assets to exchange and more than 1,100 trading pairs.

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