By targeting online platforms and mobile apps that offer exchange-like services
Bloomberg reports that the Chinese government plans to block domestic access to homegrown and offshore platforms that enable centralised trading on cryptocurrencies. No specifics have been given on how they would define such platforms though.
It also says that authorities are targeting individuals and companies that provide market-making, settlement, and clearing services for such platforms.
If true, it would cause more difficulties in cryptocurrency trading within Asia following South Korea's reported efforts to possibly ban exchanges in their country.
Bitcoin has been trading relatively "stable" today, now at $13,633.50 - slightly less than 1% lower on the day.
