Cryptocurrency Q&A
Will China turn the screws on cryptocurrencies?
Will China turn the screws on cryptocurrencies?
CryptoMystic
Sat Jul 13 2024
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7
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7 answers
Martina
Mon Jul 15 2024
The banking authority has once again clarified its stance on offshore crypto exchanges operating in mainland China.
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HallyuHeroine
Sun Jul 14 2024
The ban extends to all forms of crypto trading and exchange activities, including spot and futures trading.
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Elena
Sun Jul 14 2024
Such practices have been deemed illegal, as a means for traders to circumvent the longstanding prohibition on domestic crypto exchanges.
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Caterina
Sun Jul 14 2024
Among the offshore exchanges that have been targeted is BTCC, a UK-based cryptocurrency exchange that offers various services.
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Lucia
Sun Jul 14 2024
BTCC provides a comprehensive range of crypto-related services, including spot trading, futures contracts, and secure digital wallets.
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