The peer-to-peer nature of crypto activity makes China’s ban ineffective, the expert said.
Continued raids on suspected underground gangs using cryptocurrencies to facilitate foreign exchange transactions in China show the Asian nation's 2021 ban on crypto trading is ineffective. Chengyi Ong, head of policy for the Asia-Pacific region at Chinalysis Inc., said the peer-to-peer nature of cryptocurrency activity made the ban ineffective. China has become a significant cryptocurrency. […]
