Cryptocurrency Q&A
Is China using Bitcoin?
Is China using Bitcoin?
WhisperEcho
Sun Dec 15 2024
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6 answers
1572
I'm wondering if China is currently utilizing Bitcoin in any way, shape, or form. I'm interested to know if there's any official adoption, regulation, or even just widespread usage of Bitcoin in China.
6 answers
EtherWhale
Tue Dec 17 2024
Despite the ban, individuals have found ways to circumvent the restrictions.
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355
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Lucia
Tue Dec 17 2024
Run believes in the value of Bitcoin, comparing it to a safe haven like gold.
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339
70
Rosalia
Tue Dec 17 2024
Run, an individual, used bank cards issued by small rural commercial banks to purchase cryptocurrencies.
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286
50
Enrico
Tue Dec 17 2024
Run utilized grey-market dealers to facilitate these transactions.
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150
61
Valentina
Tue Dec 17 2024
To avoid scrutiny, Run capped each transaction at 50,000 yuan, which is equivalent to $6,971.
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79
20
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