News Snapshot:
China: bitcoin trading increases despite being banned cryptheory China banned bitcoin and cryptocurrency trading in 2017 . In fact, all Chinese exchanges closed down, or moved abroad, and were effectively legally banned from trading fiat currency for cryptocurrencies. Despite this, however, the Chinese have continued to buy and sell bitcoin, as has been known for some time . But the recent bullrun seems to have generated a significant increase in trading in China as well, despite the ban. This is revealed by Reuters , according to which the “grey” cryptocurrency trading market in China has revived since October 2020, so...
