China Banned Crypto, But Chinese P2P Transactions Just Exploded 43x. Here’s Why

The post China Banned Crypto, But Chinese P2P Transactions Just Exploded 43x. Here’s Why appeared first on Coinpedia Fintech News

A recent study has revealed that peer-to-peer (P2P) transactions among Chinese users have grown 3.5-fold in the past year despite the nation’s relentless crypto ban. According to Blockchain intelligence firm Chainalysis, the Chinese are utilizing these P2P transactions as a workaround to the heavily restricted centralized crypto operations.  Latest statistics on China crypto growth  In …