CoinGecko and CoinMarketCap Banned in China

Reports show that CoinGecko and CoinMarketCap, the two notable sites specializing in providing a fundamental analysis of the crypto market, are no longer reachable for people in mainland China.

Great, an online site for identifying banned sites, confirmed that CoinGecko and CoinMarketCap have been completely restricted for users in China. This means that China’s Great Firewall has blocked the two sites, and users in the affected region can no longer access them.

It is uncertain when the obstruction into CoinGecko and CoinMarketCap began; however, available information shows that it became noticeable early Tuesday morning in China Time.

While speaking on the incidence,  the co-founder of CoinGecko, TM Lee, noted that the team did not have a hand in the cause. This means the Chinese internet censorship agency slashed off its IP access to restrict access to the space.

What can be deduced from the ban on the 2 sites is that the authorities are interested in exiting crypto-companies and limiting people’s exposure to some vital market information.

Interestingly, it is worth adding that even though the ban is active, users in China can access the sites using virtual private networks (VPN). The usage of VPN is growing massively in China, especially as the authorities keep on setting standards that make crypto access difficult for the country’s people.

This new move re-echoes the position of the Chinese government against crypto. Recall that in its show of disapproval for digital assets, it declared all crypto-related transactions illegal last Friday. Speculation of a further crackdown on crypto has pushed traders to seek alternatives in decentralized exchanges.

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