Chinese Regulators Struggle to Halt Illicit Trading, Exchanges Switching Domain Names28.86

The Chinese cryptocurrency ban is proving to be far more difficult for regulators to enforce than anticipated.

The Central Bank of China released a July report announcing the success of the country’s cryptocurrency ban, stating that the influence of the Chinese Yuan on the cryptocurrency market—which previously accounted for 90 percent of global trading volume — has been reduced to less than 1 percent.

Original source

Add comment

Please Sign in to be able to leave comments.