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Shanghai / Hong Kong –
Dylan Run, a Shanghai-based finance sector govt, began shifting a little bit of his cash into cryptocurrencies in early 2023, when he realized that the Chinese language economic system and its inventory markets had been declining.
Crypto buying and selling and mining has been banned in China since 2021. Run used financial institution playing cards issued by small rural business banks to purchase cryptocurrencies by means of grey-market sellers, and capped every transaction at 50,000 yuan ($6,978) to flee scrutiny.
“Bitcoin is a protected haven, like gold,” says Run.
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