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It is reported that China raises the bar in its measure of cryptocurrencies



  A Bitcoin mine site manager HaoBTC checks the mining equipment inside his bitcoin mine near Kongyuxiang, Sichuan, China.

Paul Ratje | The Washington Post | Getty Images

A site manager at the HaoBTC bitcoin mine checks the mining equipment inside its bitcoin mine near Kongyuxiang, Sichuan, China.

China is targeting websites and mobile applications that offer cryptocurrency exchange services, it was reported Monday. [19659005] div> div.group> p: first-child "/>

Beijing plans to block national access to Chinese and offshore cryptocurrency platforms that allow centralized trading, Bloomberg said, citing unnamed sources.

Chinese authorities will also focus on people and companies that offer market creation, settlement and compensation services for centralized trading, Bloomberg said, not describing these plans in more detail.

The country shocked the digital currency space in 2017 when it moved to ban initial currency offers (ICO) – a means for new companies to raise funds by selling new cryptocurrencies – and shut down national cryptocurrency exchanges.

Major digital currencies fell last week after reports from Korea From the South came the prohibition of trade in cryptocurrencies through exchanges, Bitcoin recovered on Monday, however, or paying 4.78 percent more on CoinDesk at $ 14,269.80 per coin. The CoinDesk Bitcoin price index records the prices of Bitstamp, Coinbase, itBit and Bitfinex digital exchange exchanges.

CNBC contacted the People's Bank of China but was not available at the time of publication.

Read the full report here. [19659011]
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