Chinese Users of the Binance and FTX Exchanges Show Holes in Beijing’s Crypto Ban
- More signs emerge of Chinese citizens trading cryptocurrency
- FTX bankruptcy filings indicate 8% of its users were Chinese
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Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.
These glimpses of their trading activity support suspicions that some of China’s 1.4 billion people flout the prohibition Beijing imposed in September 2021 as they hunt for alternatives to investments like property and stocks.