June 15, 2021

Chinese Search Networks Blocked Three Crypto Exchanges

The sites were also subject to restrictions from China's largest social networks Weibo (analogous to Twitter) and Zhihu (similar to Quora).

All Chinese search networks, including the largestof them - Baidu and Sogou, blocked the issuance of three cryptocurrency exchanges: Binance, Huobi and OKEx. Colin Wu, a cryptojournalist from China, announced this on Twitter. According to him, the sites were also blocked by the Chinese social networks Weibo (analogue of Twitter) and Zhihu (analogue of Quora).

In May, Vice Premier of the State Council of the People's Republic of China LiuHe called for stricter regulation of mining and crypto trading in the country. After that, the miners began to turn off the equipment and transport it to other countries. The first companies to stop mining cryptocurrency in China were BTC.TOP and HashCow.

Also last month, the Huobi cryptocurrency exchangeannounced the suspension of customer service from mainland China. Later, the Bybit crypto exchange made the same decision. The site will cease serving Chinese residents from June 15, 2021.