Chinese Cryptocurrency Traders Relocating to Other Asian Countries

After the recent clampdown by the Chinese government, many cryptocurrency operators are looking to relocate to other Asian countries that are much more welcoming.

There are quite a few interesting features surrounding cryptocurrencies, such as Bitcoin and Ethereum. Chief amongst these is decentralization, which means that the various facets of cryptocurrency, such as exchanges, are not constrained by national borders. This is something that Chinese authorities are now finding themselves having to contend with. The country has really clamped down on cryptocurrency, banning all ICOs and shutting down major exchanges. However, it’s almost impossible to put the genie back in the bottle once it’s been unleashed. To wit – a large number of Chinese cryptocurrency traders are looking to set up shop in other Asian countries that are far more welcoming…

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