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China banned crypto exchanges

China banned crypto exchanges

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In NovemberCoinDesk was down on the crypto industry, and there are many crypto-related. China also made clear that virtual currency exchanges were no.

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China bans crypto trading and mining
Binance, the world's largest crypto exchange, was supposed to leave China behind when the country made cryptocurrency trading illegal in Further, all cryptocurrency transactions in China are considered illegal, including offshore exchanges to provide services to Chinese citizens. Theoretically, crypto trading is outlawed for Chinese at home and abroad but it's �hard to enforce,� Ding said. Often it's about compliance.

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CEO at investment advisory Viridi Funds, Wes Fulford, said that some forms of cryptocurrency, bitcoin in particular, showed resilience in comparison to others, such as ether. O fell between 2. The authorities stated that China-based employees of offshore crypto exchanges or any companies providing services to them will be investigated and prosecuted. China also made clear that virtual currency exchanges were no longer welcome to openly operate there. Head to consensus.