• The Beijing government published an energy saving implementation plan for 2024, in which it demanded a complete ban on cryptocurrency mining in the city, in

accordance with Chinese laws (cryptocurrency mining and trading in mainland China is prohibited from 2021)

Meanwhile, while the local stock market is falling for the third year, the Chinese are using gray schemes to buy BTC and other cryptocurrencies

Thanks to Hong Kong's pro-crypto policies, Chinese citizens have begun using their annual USD 50,000 quota (the maximum foreign currency purchase amount) to purchase crypto in Hong Kong, despite the fact that it can or' be used for overseas travel or education

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