China Blocks Crypto Exchanges Including Binance in Crackdown of Digital Assets

China Blocks Crypto Exchanges Including Binance in Crackdown of Digital Assets

(UToday) Crypto exchanges that include Binance, Huobi, and OKEx were blocked from China’s search engines on Wednesday. The move is seen as a continuation of Beijing’s crackdowns on cryptocurrencies. 

The search engines that blocked the crypto exchanges included Baidu, Sogou, and Weibo.

Chinese officials in Xinjiang province are said to have ordered the suspension of all crypto-mining operations, which miners ignored.

Xinjiang remains attractive to crypto mining operations due to its large suppliers of coal, natural gas, and other sources of fossil fuel.

Bitcoin is currently gaining. BTCUSD is up 5.70%.

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