News Snapshot:
Chinese investors turn to DEXs to skirt crypto ban The blanket crypto ban has had the knock-on effect of popularizing DEXs in China. Samuel Wan · October 21, 2021 at 8:00 am UTC · 2 min read According to FT , some Chinese investors are defying China’s crypto ban by turning to decentralized exchanges ( DEXs ). Rather than accept notices of account closure from centralized exchanges ( CEXs ), diehard investors are looking at DEXs to continue trading crypto. What’s more, as pointed out by some, authorities cannot stop DEXs and DeFi when the protocols are designed to facilitate...
