China bans cryptocurrency: Why cryptocurrency is falling today as Lloyds ban bitcoin

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BITCOIN and other cryptocurrencies such as Ripple and Ethereum could be banned as China blocks access to the markets with its huge Great Firewall of China. Here is the latest news on why cryptocurrency prices are falling today.
Any and all websites offering cryptocurrency trading services or advertising the digital currency market have been scrubbed from search engines and social media in China in a bid to wipe out the trade.

Authorities have already banned ICOs and domestic exchanges and are now blocking access to both domestic ands foreign services “to prevent financial risk”.

China has a long tradition of blocking unwanted websites thanks to the so-called ‘Great Firewall of China’ and it seems this process could now extend to blockchain technologies in 2018.

A source from People’s Bank of China-affiliated Financial News said: “Overseas transactions and regulatory evasion have resumed.

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