The latest cryptocurrency transaction data on mainland China suggests that Beijing’s ban on all trading has either been ineffective or loosely enforced. Image: Shutterstock
The latest cryptocurrency transaction data on mainland China suggests that Beijing’s ban on all trading has either been ineffective or loosely enforced. Image: Shutterstock

China’s cryptocurrency market still among world’s strongest despite Beijing’s crackdown on trading, mining of digital assets

  • Mainland China recorded more than US$220 billion in total transactions between June 2021 and July 2022 to remain East Asia’s top cryptocurrency market
  • Chinese special administrative regions Hong Kong and Macau ranked No 4 and 5, respectively, behind South Korea and Japan, a Chainalysis report said

The latest cryptocurrency transaction data on mainland China suggests that Beijing’s ban on all trading has either been ineffective or loosely enforced. Image: Shutterstock
The latest cryptocurrency transaction data on mainland China suggests that Beijing’s ban on all trading has either been ineffective or loosely enforced. Image: Shutterstock
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