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Chinese State Media Blames Exchange Platforms and ICOs for Defying Repression

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May 9, 2018 | 

710 Views | 

Joanna Newman | 

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From the beginnings of crypto-currencies, China has positioned itself as one of the biggest players in the field, particularly regarding Bitcoin. A large part of Bitcoin's holdings were in China and about 90% of Bitcoin trade was in China. However, in 2017, the Chinese government cracked down on Bitcoin, crypto-currencies, trading platforms and ICOs. But despite this, it seems that trading platforms continue to work and ICOs still take place. Voice of China, China's state-run media, has published reports criticizing the efforts made by Chinese cryptocurrency trading platforms and ICOs to continue operating despite Chinese government crackdowns.


Voice of China criticizes the mistrust of trading platforms







The company Okex caught as a target






Chinese ICOs growing despite the ban







"One size Fits all" to rethink




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