Blockchain news

China’s Paradox: No to Crypto, Yes to Blockchain

July 1, 2024
Since China’s blanket ban on crypto transactions in late 2017, it has been clear in its approach toward cryptocurrency. The Chinese authorities persist in their belief that decentralized digital currencies are more harmful than beneficial. The concern arises from the tendency of cryptocurrencies to mask capital outflows, a behavior that Chinese regulators seek to limit,