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China still accounts for 10% of Bitcoin transactions despite total ban

China still accounts for 10% of Bitcoin transactions despite total ban

Despite comprehensive ban of China for all crypto-related activities in the country, the country’s citizens still account for about 10% of the total number of global transactions involving digital assets.

There is a high probability that in the near future, China will continue to carry out repression against cryptocurrencies since this country considers cryptocurrencies to be a potential threat to financial security and capital controls.

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