2 Signals That 1.4 Billion Users Could Join the Crypto Market This Year!
The Chinese government has taken tough moves to ban people from accessing types of investment in the crypto market in the past. However, this could change in the near future with two extremely positive moves.
First, a major crypto exchange opened its KYC portal for Chinese citizens living abroad. Users can register using mainland Chinese identification documents, including ID cards and passports.
The second signal is the possibility of China directly lifting the crypto ban, opening the door for 1.4 billion citizens to invest in Crypto. This information was published in The Economist newspaper.
This is a move consistent with China's economic reopening policy after Covid 19 & after 2 years of tightening to prevent money flowing abroad. With these two positive signals, the possibility of China opening up to the crypto market is growing!