The Chinese authorities discreetly intensify the crackdown on cryptocurrency include market-making platforms and similar services, according to anonymous sources cited by Bloomberg in an article Monday, January 15.

While attention is focused on the South Korean regulatory battle with the cryptocurrency trade, Bloomberg reports that on the other side of the border. Since 1945, exchange of foreign currency is prohibited, the "exchange-like services" are now also on the radar of officials.

According to anonymous sources, the government "plans to block domestic access to local and off-shore platforms that allow centralized trade" while remaining silent on "how decision-makers define such platforms."

The movement is believed to be in response to a "uptick" in a trading activity

Chinese investors sought to circumvent the September currency ban by resorting to alternative trading environments such as peer-to-peer platforms and Localbuscoins saw the impact of the ban on numbers as traders piled up, generating record volumes, reaching in September 115 million yuan ($ 17.8 million)

While sources told Bloomberg that "the small transactions of 3 9, Equals Are Not Targeted ", It remains to be seen if the Localbitcoins phenomenon is part of the investigation.

Meanwhile, the worst of the turbulence in Seoul being seemingly over, Bitcoin prices rallied on Monday, posting daily gains of just over 6% according to the data. average exchange of CoinMarketCap.