China has a history of hosting many cryptocurrency exchanges. But due to a new set of rules that goes into effect this week, major Chinese search engines will no longer allow users to search for terms related to top crypto exchanges. The rule was initially proposed by China’s internet regulator, the Cyberspace Administration of China.
China is one of the few countries that controls what its citizens can and cannot see on the internet. Last month, the country’s government started blocking access to some of the world’s largest cryptocurrency exchanges. The most popular tool for tracking crypto prices, Coinhills, was also censored. The result is that over 90% of available data on the top exchanges is no longer available. In the absence of these sites, Bitcoin and its ilk have dropped over $22 in the last month alone.
China has taken a step toward blocking access to virtual currency platforms including Binance, Huobi, OKCoin, Bibox, and BTC China. China’s State Administration of Industry and Commerce (SAIC) has released a statement warning that it will consider blocking those websites when it comes to conducting business within the country. The country’s search engines including Baidu and Weibo are already blocking crypto related search terms and related websites.. Read more about binance and let us know what you think.
China’s stance on decentralized cryptocurrency trading seems to be getting even tougher. Chinese journalist Colin Wu and cryptocurrency news site 8BTCNews say that as of Wednesday, search results from some of the world’s leading cryptocurrency exchanges are at zero. Employees of Cointelegraph in China conducted their own searches for cryptocurrency exchanges on search engines and confirmed that the results were not available. However, composite research, such as the Binance Academy or the Huobi Research Center, seems to be subject to censorship. Screenshotwith search results Binance Academy. Source: Cointelegraph staff in China, June 9screenshot shows survey results for the Huobi Research Center. Source: Cointelegraph staff in China, 9. June
Unless the situation changes, this is the latest step in Beijing’s increasing censorship of cryptocurrency news on social media. Weibo, a Chinese microblogging service like Twitter with more than 530 million monthly active users, on Monday suspended the accounts of several popular content creators who deal with bitcoin (BTC) and cryptocurrencies. Colin Wu, of Wu Blockchain on Twitter, noted that searches for Binance, Huobi and OKEx do not appear for users of Baidu and Sogou, China’s two main search engines. Moreover, both Wu and 8BTCNews claim that Weibo imposed the same closure measures, with Wu noting that Zhihu – Quora’s counterpart – did the same. The censorship measures are just one part of China’s attempt to curb various types of cryptocurrency activity, including mining and fundraising, the latter of which are considered illegal. Areas of focus include the provision of cryptocurrency services by financial and payment institutions, as well as token funding platforms that can be used as gateways between fiat currencies and cryptocurrencies. The crackdown on the mining industry was prompted by government concerns about the industry’s carbon footprint, particularly in areas such as Inner Mongolia. At least three mining companies – BTC.TOP, Huobi and HashCow – have announced they will cease operations on the continent. So far, representatives of the exchanges involved have not publicly responded to the apparent censorship measures on social media. Binance could not comment on the situation, but noted that Binance does not currently conduct currency trading in China.Over the past few days, search engines and news sites in the People’s Republic of China have been blocking search results for top cryptocurrency exchanges such as Binance and Huobi. The country’s biggest search engine, Baidu, was also temporarily censoring a popular search engine for “cryptocurrency”. Baidu reportedly issued an apology to its users and said that it was “carrying out maintenance work,” without elaborating further.. Read more about chinese cryptocurrency coins and let us know what you think.
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