When will China Legalize Bitcoin Again? The Impacts on the Market

China

In September 2017, China conducted a nationwide blanket ban on cryptocurrencies, exchanges, and ICOs.

This had a global impact. After all, before the crackdown, the country of the red dragon accounted for nearly 80 percent of the world’s crypto transactions and ICOs and housed the biggest crypto mining operations. So what happened after the ban?

Well, cryptocurrency development didn’t stop. The miners moved, most going to Mongolia. ICOs registered in Singapore. And the big Chinese exchanges just moved to Japan or Hong Kong. So what’s up with China?

Hope on the Horizon

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