Chinese Traders are Still Investing in Bitcoin by Exploiting Crypto Ban114.69

Although the Chinese government has hailed their crypto ban as successful, it appears that traders have found multiple ways to circumvent the ban despite tightening scrutiny on crypto by state regulators. Exchanges are also finding ways to avoid being shut down by the government, enabling trading for Chinese citizens.

Chinese state-run newspaper, the Shanghai Securities Times, reported in late August that authorities are moving swiftly to block access to exchanges that are operating illegally, and blocked access to an additional 124 offshore exchanges providing services to Chinese citizens.

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