menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinik

3w

read

361

img
dot

Image Credit: Bitcoinik

Secretly China Buying Bitcoin & Planning for Strategic Bitcoin Reserve

  • Despite the official ban on cryptocurrency activities, China recorded an estimated $86.4 billion in cryptocurrency transactions, surpassing Hong Kong's $64 billion.
  • China and Russia are speculated to be interested in buying Bitcoin, with reports suggesting that China is discussing incorporating Bitcoin into its strategic reserves.
  • While there are legal ambiguities regarding China's stance on cryptocurrency, a Shanghai court has mentioned that personal investing in cryptocurrency is not illegal under Chinese law.
  • Experts believe that there is a 50% chance of China lifting its crypto ban and revising its policies in the future.

Read Full Article

like

21 Likes

For uninterrupted reading, download the app