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CoinGecko and CoinMarketCap Banned by Chinese Internet Censorship Agency

UTC by Sanaa Sharma · 2 min read
CoinGecko and CoinMarketCap Banned by Chinese Internet Censorship Agency
Photo: Unsplash

While the ban still prevails, crypto users in China can, however, access the sites via virtual private networks or VPN.

Two popular sites named CoinGecko and CoinMarketCap that provide a fundamental analysis of the digital currency market have now become unreachable by the people in mainland China.

CoinGecko and CoinMarket are presently blocked by China’s internet firewall. Greatfire.org, which is an online site for inspecting sites that have been banned by China’s Great Firewall, also claimed that both the sites were hundred percent blocked as of press time.

Although the time when both CoinGecko and CoinMarketCap became inaccessible is not known, the first reports of obstruction on the sites started being noticed early in the morning China time.

TM Lee, the co-founder of CoinGecko, said firmly that the team did not proactively slash off Chinese IP access. Therefore, it has to be the Chinese internet censorship agency that made the bold move of disallowing popular sites off the Chinese internet. The latest move has reinstated China’s disapproval of the crypto world. Recently, Chinese authorities made a strong statement against the use of cryptocurrency, calling it an illegitimate currency therein. The recent speculations on another crackdown on the Chinese crypto market resulted in a massive hike in the total number of transactions processed on Derivatives Decentralised exchange (DEX) dYdX.

This ban on the crypto sites has proven that the Chinese authorities are willing to pull out indigenous companies rooted in the country and are forcefully trying to deprive people of important market information.

While the ban still prevails, crypto users in China can, however, access the sites via virtual private networks or VPN. The number of VPN users in China is on the rise, with Chinese authorities revamping the rules to make the crypto world more difficult to access for the people of China.

Following the government crackdown, many managers of crypto chat rooms are shifting their medium of communication from the Chinese messaging app WeChat to other secure apps like Telegram. Many Chinese users have also come out to help others by posting tutorials on ‘how to set up VPNs’ and ‘enter chats on Telegram’ to discuss information about the crypto world.

Cryptocurrency news, News
Sanaa Sharma
Author Sanaa Sharma

Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.

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