{"id":55341,"date":"2021-12-28T14:21:37","date_gmt":"2021-12-28T12:21:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55341"},"modified":"2025-09-04T00:53:06","modified_gmt":"2025-09-03T21:53:06","slug":"media-chinese-investors-have-not-abandoned-bitcoin-after-tougher-regulation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-chinese-investors-have-not-abandoned-bitcoin-after-tougher-regulation\/","title":{"rendered":"Media: Chinese investors have not abandoned Bitcoin after tougher regulation"},"content":{"rendered":"<p>Chinese investors have not abandoned cryptocurrencies, despite tighter regulation and the exit of two major platforms\u2014Binance and Huobi\u2014from the country. <a href=\"https:\/\/www.scmp.com\/tech\/policy\/article\/3161243\/chinas-cryptocurrency-investors-keep-faith-even-exchanges-binance-and?utm_term=Autofeed&#038;utm_medium=Social&#038;utm_content=article&#038;utm_source=Twitter#Echobox=1640677947\"> \u043f\u0438\u0448\u0435\u0442<\/a> South China Morning Post (SCMP).<\/p>\n<p>Anonymous investors interviewed by the publication said that some cryptocurrency holders intend to continue trading, using VPNs, foreign mailing services without identification systems, and less centralized exchanges.<\/p>\n<p>According to one of the interviewees, investors may switch to decentralized trading platforms. But in this case, the risks of account hacks and loss of funds remain, he noted.<\/p>\n<p>Earlier, Beijing<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-slips-below-42000-as-china-tightens-crypto-trading-regulation\"> sharply intensified pressure<\/a> on the cryptocurrency industry. In this context, media reported that more than two dozen digital-asset-related companies<a href=\"https:\/\/u1f987.com\/en\/news\/media-more-than-20-crypto-firms-exit-china\"> announced their withdrawal from the Chinese market<\/a>.<\/p>\n<p>In June 2021, Huobi closed off access to trading crypto derivatives for Chinese and British investors<a href=\"https:\/\/u1f987.com\/en\/news\/huobi-restricts-crypto-derivatives-trading-for-chinese-and-british-investors\">.<\/p>\n<p>In September, the platform <a href=\"https:\/\/u1f987.com\/en\/news\/binance-and-huobi-halt-new-user-registrations-in-mainland-china\">ceased registering new users<\/a>. A similar decision was taken by exchanges Huobi, <a href=\"https:\/\/u1f987.com\/en\/news\/kucoin-bars-registration-for-chinese-users\">KuCoin<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/three-crypto-platforms-impose-restrictions-on-chinese-users\">BitMart and Biki<\/a>, as well as Binance.<\/p>\n<p>Later, the latter announced that<a href=\"https:\/\/u1f987.com\/en\/news\/binance-to-close-otc-trading-access-for-mainland-china-users\"> as of December 31 it would remove the Chinese yuan<\/a> from the list of over-the-counter markets and close access to OTC trading for users from mainland China.<\/p>\n<p>Earlier, authorities were examining the possibility of prosecuting crypto trading and mining<a href=\"https:\/\/u1f987.com\/en\/news\/media-china-weighs-avenues-for-prosecuting-crypto-trading-and-mining\">.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese investors have not abandoned cryptocurrencies despite tighter regulation and the exit of two major platforms\u2014Binance and Huobi\u2014from the country. The South China Morning Post (SCMP) reports this.<\/p>\n","protected":false},"author":1,"featured_media":55342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,36],"class_list":["post-55341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=55341"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55341\/revisions"}],"predecessor-version":[{"id":55343,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55341\/revisions\/55343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55342"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}