Cryptocurrency ban in China fuels Thailand’s boom
China’s Ban on Cryptocurrency Forced Bitcoin to Touch $30k
Cryptocurrency ban in China fuels Thailand’s boom
China's top regulators ban crypto trading and mining, sending bitcoin tumbling
How the Regulation of Crypto in China Will Impact the Industry
However, although they were aimed at curtailing cryptocurrencies, they only targeted some of their aspects.
Over the past ten years, Bitcoin suffered four separate losses of at least 50%, something other sectors rarely experience.
Even as it attempts to ban digital currency, Chinese investors are still estimated to make up 29% of the trading volume.
Only now has China managed to ban cryptocurrencies for good.
The central bank said cryptocurrencies, including Bitcoin and Tether, cannot be circulated in the market as they are not fiat currency.
China's Cryptocurrency Ban China has been working to ban cryptocurrencies for a while now.