BlockchainLegend
Mon Jul 08 2024
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7 answers
1435
Why did China tighten its grip on crypto exchanges in 2020?
Could you elaborate on the reasons behind China's decision to tighten its grip on cryptocurrency exchanges in 2020? Were there specific risks or concerns that the Chinese government perceived with the growing popularity of cryptos? Did this decision have to do with fears of capital flight or attempts to control financial markets? What specific measures were implemented, and how did they impact the crypto landscape in China? Understanding the motivations and implications of this policy shift is crucial for assessing its long-term effects on the global crypto ecosystem.
