Is crypto banned in china

is crypto banned in china

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Since each individual's situation is Cons for Investment A cryptocurrency the gap in cryptocurrency prices, overall digital currency market.

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Why Does China Keep Banning Bitcoin?
Cryptocurrency trading is subject to strict government-imposed restrictions in China since September , when trading platforms were shut down. China's bitcoin mining ban devastated bitcoin. It's been two years now - and Bitcoin and the hash power built on securing it is stronger. Despite government crackdowns and widespread reports that crypto is outlawed in China, crypto trade is still very much alive.
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Here's a quick rundown of the events that led to China's eventual lockdown on cryptocurrencies and the government's actions to keep up with the emerging global digital economy. As a result, China's government finally banned non-government-approved cryptocurrencies in September Crypto is still in its infancy as far as currencies go, so it's difficult to say what will happen in the future. Related Articles. Please review our updated Terms of Service.