Posted inBeijingChinaWorld

China bitcoin market alive and well as traders bypass exchanges

Weeks after Beijing banned fundraising through initial coin offerings (ICOs) and several exchanges announced they would close on orders from authorities, traders say the market is alive and well. Reuters reports on Friday, citing industry insiders, that traders have moved to buy and sell the cryptocurrency directly on peer-to-peer marketplaces and messenger apps. Overseas-based ICOs […]