Chinese Yuan’s Portion of Bitcoin Trading Down By 9% – Bitcoints

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Published on July 13th, 2018 | by bitcoin

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Chinese Yuan’s Portion of Bitcoin Trading Down By 9%

Chinese Yuan’s Portion of Bitcoin Trading Down By 9%Things have changed greatly and China is no longer the thriving Bitcoin territory it once was.
The government has implemented several laws in an effort to protect investors, including bans on ICOs and crypto exchanges.
The Crackdown
Having banned ICOs last year, the Chinese government has consistently taken steps to stamp out crypto trading in the country.
In February, the government announced that it would ban all websites related to crypto trading, including foreign platforms, as it sought to stamp out crypto trading completely.
The data shows that only 1 percent of the global Bitcoin trading volume involves the Chinese yuan.

Source: Digitalmoneytimes.com

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