Under-the-Radar Crypto Trading Flourishes in China
Despite restrictions, Chinese cryptocurrency enthusiasts are keeping the trade alive. Users are covertly meeting in public places like cafes, parks, and even laundromats to swap wallet addresses, trade assets, and exchange bank information for converting their crypto into fiat currency.
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Despite restrictions, Chinese cryptocurrency enthusiasts are keeping the trade alive. Users are covertly meeting in public places like cafes, parks, and even laundromats to swap wallet addresses, trade assets, and exchange bank information for converting their crypto into fiat currency.
Utilizing messaging platforms like WeChat and Telegram, these traders are staying connected and informed. This underground movement is especially active in poorer regions, where the focus of law enforcement and local governments is elsewhere. This is how users are bypassing the government's crackdown on digital currencies.
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