After China banned crypto in September 2021, FTX's creditor lists, citizens, and industry insiders suggest Chinese residents continue to trade digital assets
Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.
There's also this murky area of How Binance works with law enforcement in a country it says it doesn't operate from. @SiliconDavid says he has $8 million frozen on Binance since July at the behest of police in Chongqing. https://www.bloomberg.com/...
I spoke with six @binance Chinese users who say their accounts were suspended. Four of them live in mainland China and passed KYC using Chinese IDs. This shows China's crypto ban is either ineffective or loosely enforced. https://www.bloomberg.com/...