Post
Topic
Board Bitcoin Discussion
Re: Chinese are turning towards other means of trading
by
avikz
on 30/09/2021, 14:11:19 UTC
A recent article reported that China's outlawing of crypto transactions backfires: more Chinese are turning to underground projects and decentralized exchanges without the CCP's control. Do you see global implications for the crypto market?


Chinese people have always been active in the underground activities. Even though their government always tries their best to keep them at bay and pull out the unethical tasks by themselves (lots of example). Lol!! But seriously any kind of unethical online activities- you will find Chinese involvement in most of the times! So with the current Chinese ban on cryptos, I don't see a lot of impact. I would rather say that it is good for the matket if Chinese people completely move out from the crypto market. Whatever the impact we are seeing, is temporary and we must not worry at all!