ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Cryptocurrencies

Chinese crypto activity slows but not dead despite ban

Government curbs seen as 'ineffective or loosely enforced'

China remains East Asia's largest cryptocurrency market (Source photo by Reuters) 

HONG KONG -- Cryptocurrency transactions in China have picked up in recent months despite a ban in September 2021, suggesting that trading restrictions imposed by Beijing have been largely bypassed by determined users.

Following the government crackdown on the industry last year, mainland China recorded a 31% fall in the volume of digital token transactions between July 2021 and June 2022, according to blockchain consultancy group Chainalysis's latest report on East Asia. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more