China Is Monitoring Offshore Cryptocurrency Exchanges: Local Report

China is once again stepping up its enforcement of policies prohibiting cryptocurrency trading, amid reports that domestic traders have managed to circumvent these restrictions by accessing offshore exchanges.

That’s according to a report in Shanghai-based publication Yicai, which said that the department in charge of supervising the country’s public communications networks had begun closely monitoring offshore cryptocurrency exchanges, in addition to domestic websites used by traders and investors to facilitate peer-to-peer (P2P) trades.