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❕NEWS Binance Exchange in China completely closed!

faribakhazaei

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According to reports, local Chinese users have not been able to access the Binance website since yesterday. The website is said to have been blocked by a Chinese firewall. this surely would affect Chinese traders if there not be any alternation to solve it.
 

Henrytuedor

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So they are trying actually every step to ensure they kil the base of the trading and buys ng of Crypto currency to be honest actually that's pleasing from them to be honest
 

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This is indeed a sad news and I still wonder why the Chinese government failed to give the Chinese a fair warning before blocking it.
 

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How many Chinese people lost their cryptocurrencies cause this closure? First, it was the cryptocurrencies ban, then the sudden Binance closure. I knew Binance is in trouble and other countries can expect a closure in their turn.
 

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What of those users who still have funds in the exchange platform , i think they needs to be considered , because alternatives needs to be made after the ban of crypto currency by China
 

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What of those users who still have funds in the exchange platform , i think they needs to be considered , because alternatives needs to be made after the ban of crypto currency by China
This is the worrying question: Chinese people didn't have the time to withdraw their cryptocurrencies from Binance. All the lately happenings lead people to poverty. I wonder if there were Chinese people storing all their hard worked savings on Binance.

things like this were to be expected from regimes who try to control everything , lose control of the currency and you lose control of the people , hence the ban and blockage
And to not lose control on the population, regimes such this maintain the people in poverty.
 

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This is the worrying question: Chinese people didn't have the time to withdraw their cryptocurrencies from Binance. All the lately happenings lead people to poverty. I wonder if there were Chinese people storing all their hard worked savings on Binance.


And to not lose control on the population, regimes such this maintain the people in poverty.
The thing is that some might have invested their live savings there and the chinese government might not have given them a notice , the best deal is for those affected to move out of the country to withdraw their asset
 

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How many Chinese people lost their cryptocurrencies cause this closure? First, it was the cryptocurrencies ban, then the sudden Binance closure. I knew Binance is in trouble and other countries can expect a closure in their turn.
I read from a friend that the Chinese were all warned about the upcoming ban on cryptocurrency, so I don't think many of them will lose fund
 

leithy

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According to an article in this link China has issued its own cryptocurrency, the digital yuan. This may explain why exchanges will be closed in China as this can only be bought through Bank of China.
Not a ref link.
 

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I mean this is something i saw coming a mile off. China does not support cryptocurrency trading so as most southern asian countries. I think they did this to secure the value of their fiat to control the level of cashflow within the China.
Yeah but to me I think considering the current inflation in almost the countries of the world , one should not fight towards banning cryptocurrency
 

Review

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According to reports, local Chinese users have not been able to access the Binance website since yesterday. The website is said to have been blocked by a Chinese firewall. this surely would affect Chinese traders if there not be any alternation to solve it.
Is not this is normal? China already banned bitcoin as well other crypto. They why they just allow their citizens to access on exchange like Binance where they can easily buy crypto and fill up their bags. Though there has many strategy to buy.
 

BullyMaguire

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Problem is.. chinese investors could have used VPN just like other websites they can't access but Binance is quite strict when it comes to VPN.
 

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This is indeed a sad news and I still wonder why the Chinese government failed to give the Chinese a fair warning before blocking it.
At least the citizens deserve a warning. Even if the government is against cryptocurrency, this would seem like an autocratic move to the people.
 

Niftyicon

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Problem is.. chinese investors could have used VPN just like other websites they can't access but Binance is quite strict when it comes to VPN.
Right! A VPN is a no when it comes to Binance and can even get you locked put of your account. Anyways, I hope the Chinese users were able to get their funds out before the ban.
 

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Right! A VPN is a no when it comes to Binance and can even get you locked put of your account. Anyways, I hope the Chinese users were able to get their funds out before the ban.
I hope so.. they should give an alternative and options for the people in china to take their funds or something that can make them have access still.. even thru vpn
 

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I hope so.. they should give an alternative and options for the people in china to take their funds or something that can make them have access still.. even thru vpn
I am not sure what will binance team do but surely they will find out any solution Because last time when US trader comes on binance global exchange to trade and SEC asked binance to take action about this, then binance team give those trader to take back their funds.
 

Mariappa45

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That doesn't stop Binance exchange from operation in fact it has even made Binance considering other lower countries who is very much interested in crypto.
 

Flower

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Binance isn't getting it right. They are supposed to follow regulatory measures strictly. For me, it looks like they are jocking with people's fund. Despite, the ban of cryptocurrency in Nigeria, binance still operate here.
 

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According to reports, local Chinese users have not been able to access the Binance website since yesterday. The website is said to have been blocked by a Chinese firewall. this surely would affect Chinese traders if there not be any alternation to solve it.
Unfortunately, there is a clampdown on crypto in China. However, the sudden closure of Binance in the country is unfair and retrogressive.If you are new to crypto and want to get an e xchanger of e-curency that can help, try using .For instance, if you have some PayPalUSD and you desire to buy BTC, you can use https://www.bestchange.com/paypal-usd-to-bitcoin.html.The process is simple and forthright, and you will have your USD instantenously.
 

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