China’s Police Force Reveals Offshore Exchange Surveillance135.33

According to regional reports, China's police agency is allegedly monitoring cryptocurrency exchanges based outside of the country. The local financial publication Yicai reports that China's network security agency and police force is monitoring exchanges dealing with virtual currencies even if they are based abroad. The regulatory crackdown is being led by the Ministry of Public Security and other Chinese government agencies. The translated report further states that China's regulatory authorities have witnessed initial coin offering projects and domestic exchanges evade the country's laws by setting up operations outside of China, registering the businesses offshore, and moving their servers as well. What do you think about China's police force and other authorities monitoring offshore exchanges? Let us know what you think in the comments below.
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