Despite the crackdown on cryptocurrencies, Chinese traders are still trading them with Virtual Private Networks (VPNs).
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Re: Despite Ban, Chinese Traders Still have Access to Cryptocurrencies
#2Well they banned cryptocurrency exchanges. Most people can still take the exchange outside of the country to trade (eg. in Hong Kong). Even though there is a ban, you have to consider that China is investing a lot into Blockchain, the backbone to cryptocurrencies. Also, 2/3 of the crypto mining operations is within China, so you have to consider, China holds a huge amount of power within cryptocurrency if the government there decides to stop the ban on the exchange.
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