Crypto Traders Defy China’s Crackdown With Secretive Bets
- OTC platforms make it hard for Beijing to track, ban trading
- China accounted for estimated 80% of Bitcoin volume in 2017
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Chinese investors are paying little heed to the government’s biggest crackdown on cryptocurrency trading since 2017, underscoring the challenge for Beijing as it tries to rein in a speculative boom in digital assets.