Chinese crypto exchange news

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Platform tokens will be repurchased by Block. PARAGRAPHAt least 18 platforms providing subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

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CHINA IS CRASHING! MONEY FLOWING INTO BITCOIN!
Beijing banned crypto trading in , and authorities have since detained, fined and jailed people working in the sector. Big crypto exchanges. Binance users traded cryptocurrency-related assets worth $90 billion in a single month in China, where such trading has been illegal since. China has denied legal-tender status for cryptocurrencies, but has not opposed its attribution as property or commodity, according to an article.

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The new regulations come as mainland China continues to ban cryptocurrencies, raising the question of why Beijing is allowing Hong Kong to embrace virtual assets at a time when the ruling Communist Party is tightening control over the city. Like Run, more and more Chinese investors are using creative ways to own bitcoin and other crypto assets that they believe are safer than investing in crumbling stock and property markets at home. At the same time, China has long embraced the potential of blockchain technology, and Beijing even issued a Web3 white paper.