China Eases Tight Grip on Crypto Markets

in #haloplatform6 years ago

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The People’s Republic of China closely regulates financial products and services within its jurisdiction. Virtual currency represents a stark ideological opposition to this top-down centralized control, and Chinese financial regulators have never taken kindly to them. However, a recent arbitration decision deeming cryptocurrency assets legal property in China is giving advocates hope that the PRC is slowly easing its tight grip on the mainland’s cryptocurrency markets.

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