Two years ago, on September 4, 2017, the People’s Bank of China (PBOC) shut down local cryptocurrency exchanges over concerns that unregulated assets like bitcoin allow residents to bypass strict capital controls. Not-So-Happy Anniversary Despite the formal ban, Chinese traders have continued to explore methods to trade bitcoin and similar cryptocurrencies, often by using offshore platforms registered in Singapore and Hong Kong. Interestingly, many of those platforms were operating from the mainland before the … Continue reading Today Marks the 2nd Anniversary of China’s Bitcoin Ban, What Has Changed?
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