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Binance Now Blocked in China

source-logo  u.today 08 July 2021 17:10, UTC

On July 8, many Binance users found out that the website had been blocked in China, according to cryptocurrency blogger Colin Wu.

On the evening of July 8, Beijing time, many users found that the Binance APP appear to be blocked in China and must use a VPN to log in.

— Wu Blockchain (@WuBlockchain) July 8, 2021

The country’s “great firewall” now prevents them from accessing the cryptocurrency exchange, meaning that it can only be visited with the help of a virtual private network (VPN) service.

Binance

Notably, Binance's rivals, such as Huobi and OKEx, are still available in China.

As reported by U.Today, keywords searches for Binance and other popular cryptocurrency exchanges got blacklisted by Chinese internet services in early June.

The Binance ban is part of China’s major crypto crackdown, which also included eradicating the country’s entire Bitcoin mining industry last month.

The world’s largest exchange was initially headquartered in China but then had to move abroad due to the 2017 crypto ban.

Binance is also facing severe regulatory scrutiny around the world. Multiple U.K. banks banned payments to the trading platform earlier this week.

u.today