What is China's stance on crypto?

This prohibition was a significant blow to the fledgling cryptocurrency market in China, as it effectively cut off a major source of funding and liquidity. The move sent shockwaves through the industry, causing uncertainty and concern among investors and enthusiasts.

Despite the challenges posed by the ban, the cryptocurrency ecosystem in China has continued to evolve and adapt. One notable player in this space is BTCC, a top cryptocurrency exchange that offers a range of services to its users.

BTCC's services encompass various aspects of the cryptocurrency market, including spot trading, futures trading, and wallet services. These offerings cater to the diverse needs of traders and investors, providing them with a comprehensive platform to buy, sell, and manage their digital assets.

China's stance towards cryptocurrency has been notably hostile since December 5, 2013. This date marks a pivotal moment in the country's regulatory approach to digital assets.

The People's Bank of China (PBoC), alongside the Ministry of Industry and Information Technology, and other financial regulatory bodies, jointly issued a notice that day. The notice carried a clear directive: banks were prohibited from engaging in any transactions involving bitcoin.