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China's Attempt to Suppress Bitcoin Backfires: $86B #Crypto Trading Surges During Stock Market Slump

Local investors are nonetheless swarming the #bitcoin market despite China's ban on mining and selling cryptocurrencies. These investors, disobeying the restriction, use digital assets as a way out of the recession that is ailing more conventional investments like stocks and real estate.

A Reuters story claims that Chinese people are using "creative" means, such as grey-market dealers, foreign bank accounts, and Hong Kong's support for digital assets, to get into the cryptocurrency market. #Write2Earn #cryptoniteuae