China blocks access to Binance.com to curb bitcoin trading

Key facts:
  • The blocking covers servers in Beijing, Shenzhen or provinces such as 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 be occurring 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, Kraken, Bittrex and Coinone websites do have direct access without the use of VPNs.

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 provincesfor example. When trying to verify access to binance.com, the service throws the following message:

“No server could reach your website. This means that your site will most likely not be accessible from mainland China.” A similar message mirrored the platform when CriptoNoticias verified access to the address binance.us, the exchange’s website in partnership with BAM Trading Services, which serves the U.S. market. The situation is repeated with the P2P platform or peer-to-peer market.

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. Under report spread on social networks, the exchange would be using alternative emergency methods to evade the blockade. However, this information could not be officially verified.

Wave of restrictions against Binance

Binance operations in multiple countries or territories are being restricted. Crypto News recently reported that the exchange has experienced regulatory difficulties in at least six nations. Cayman Islands and Thailand are the last to ban you from trading, but the restrictions of the United Kingdom, Singapore, Japan and Malaysia had already paraded.

International regulators are not only bringing 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 share tokens.

According to figures from the CoinGecko service, Binance is the main cryptocurrency exchange with a daily volume of about 10,750 million dollars. Currently the platform offers more than 300 crypto assets to redeem and more than 1,100 trading pairs.

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