Despite crypto crackdown in China, traders still betting – Aljazeera.com
Chinese investors are paying little heed to the governments biggest crackdown on cryptocurrency trading since 2017, underscoring the challenge for Beijing as it tries to rein in a speculative boom in digital assets.
Knee-jerk selling has given way to a steady recovery on over-the-counter platforms that Chinese crypto traders have used since domestic exchanges were banned in 2017. One key gauge of local sentiment the exchange rate between Chinas yuan and the stablecoin Tether fell as much as 4.4%…
