Home / Blockchain News / The Report says Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs

The Report says Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs

In a recent report by local news outlet of China, South China Morning Post, stated Chinese investors are utilizing virtual private systems (VPNs), Chinese traders always find ways to bypass regulatory ban over cryptocurrency exchanging by authorities, making it difficult to force an entire shutdown on exchanging.

The Shanghai Securities Times, a daily paper associated with the nations monetary and markets regulators, on August 23 detailed that the experts are venturing up their monitoring by blocking access to 124 offshore crypto-exchanges that give trading services to Chinese speculators.

Regardless of numerous endeavors by Beijing to close down all neighborhood exchange platforms since September 2017, cryptocurrency trading had kept on thriving, with numerous Chinese trades endeavoring to skirt the boycott by resurrecting themselves under various domains.

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