Corona virus summary:
Popular crypto exchange Binance is planning to enter the Chinese market with the launch of its new China website. This comes after Binance was forced to leave China following strict regulations that shut down all domestic cryptocurrency exchanges in September 2017.
Since then, mixed messages have been coming from Beijing. While financial institutions are not permitted to deal with crypto, it's not illegal for a person to hold it.
And when taken in conjunction with constant reports of anti-crypto moves, such as the proposed ban on Bitcoin mining, it's clear the Chinese government holds a standoff approach as far as cryptocurrency is concerned.
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