Cryptocurrency Q&A
Is OKX banned in China?
Is OKX banned in China?
charlotte_clark_doctor
Wed May 08 2024
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7 answers
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Hello, I'm a bit perplexed about the legality of OKX in China. I've heard rumors that it's banned, but I can't seem to find a clear answer. Could you please clarify? Is OKX indeed prohibited in China, and if so, what are the specific reasons behind this ban? Also, if it's not banned, what measures does the Chinese government take to regulate cryptocurrency exchanges like OKX? I'm really interested in understanding the legal landscape surrounding this topic, and your expertise in the field would be greatly appreciated.
7 answers
MountFujiView
Fri May 10 2024
Traders faced a clawback rate of 17 percent.
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KimonoGlory
Fri May 10 2024
This clawback was due to unrealized profits from the previous week.
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CryptoNinja
Fri May 10 2024
This measure was termed as the "socialized clawback".
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Davide
Thu May 09 2024
.OKX, originally headquartered in Beijing, China, is now banned in China.
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GyeongjuGlory
Thu May 09 2024
The ban was imposed by Chinese regulators.
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