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China Banned Crypto, But Chinese P2P Transactions Just Exploded 43x. Here’s Why
The post China Banned Crypto, But Chinese P2P Transactions Just Exploded 43x. Here’s Why appeared first on Coinpedia Fintech News A recent study has revealed that peer-to-peer (P2P) transactions among Chinese users…
· 1 min read · 147 words · via Coinpedia
Wire briefing
The post China Banned Crypto, But Chinese P2P Transactions Just Exploded 43x. Here’s Why appeared first on Coinpedia Fintech News A recent study has revealed that peer-to-peer (P2P) transactions among Chinese users have grown 3.5-fold in the past year despite the nation’s relentless crypto ban. According to Blockchain intelligence firm Chainalysis, the Chinese are utilizing these P2P transactions as a workaround to the heavily restricted centralized crypto operations.  Latest statistics on China crypto growth  In …
Source: Coinpedia. This is a wire summary for GetFreeBit readers - verify the original report before making custody, trading, or tax decisions. Not financial advice.
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