Cryptocurrency Q&A
Are there cryptocurrency restrictions in China?
Are there cryptocurrency restrictions in China?
CryptoVanguard
Fri Jul 19 2024
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7 answers
noah_wright_author
Sun Jul 21 2024
Back in 2017, the Chinese government took a decisive step by shutting down local cryptocurrency exchanges.
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CryptoWanderer
Sun Jul 21 2024
Cryptocurrency restrictions in China have long been a part of the country's regulatory landscape.
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CryptoTitaness
Sat Jul 20 2024
Many Chinese investors have turned to overseas platforms to trade cryptocurrencies, while some have resorted to peer-to-peer transactions to circumvent the restrictions.
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EchoSeeker
Sat Jul 20 2024
Among these overseas platforms, BTCC, a UK-based cryptocurrency exchange, has gained popularity among Chinese investors. BTCC offers a wide range of services, including spot trading, futures contracts, and digital wallet management.
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BlockchainBaron
Sat Jul 20 2024
This move was aimed at curbing the speculative nature of the market, which at that time accounted for a staggering 90 percent of the world's trade in bitcoin.
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