Is Demand from Crypto-Ban China Driving the Bitcoin Price Rally?

By CCN: There’s a reasonable possibility that demand for Bitcoin is being driven from China, according to CryptoSlate’s Ali Martinez. Officially speaking, China doesn’t have crypto trading anymore. The country’s court system later found that a ban on crypto exchanges and ICOs didn’t extend to banning people from possessing digital assets. As a result, just as there remains a demand for anything else in China, there’s a significant demand from the country of 1 billion. Martinez reports that most exchanges moved their servers offshore. Nothing else about their business changed. There are several markets for the Yuan and cryptos. So,

The post Is Demand from Crypto-Ban China Driving the Bitcoin Price Rally? appeared first on CCN

source https://www.ccn.com/chinese-demand-bitcoin-price-recovery