Skirting the Great Wall: The Chequered Saga of Crypto in China, 2018

in #life3 years ago

 In the aftermath of September 2017’s historic ban on initial coin offerings (ICOs), and the banishment of domestic crypto trading platforms, a resourceful crypto community was already showing signs of devising multiple means of circumventing the authorities’ increasingly draconian actions.

 Part two of Cointelegraph’s three-part series continues to investigate the factors that catapulted China’s regulators to redouble their efforts to curb the meteoric rise of crypto trades; their unprecedented actions to try to cut the country’s crypto mining titans down to size; the response of China’s tech triumvirate — Alibaba, Tencent, and Baidu — to new constraints; and as ever, the proliferating means investors continue to use to scale an “impregnable” anti-crypto wall.

January 2018: Pressure on China’s Bitcoin miners


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