There are currently no laws, rulings, or announcements from regulatory bodies such as the People’s Bank of China (PBoC) or the Ministry of Industry and Information Technology (MIIT) on the legality of Bitcoin and its trading.
The circumstances under which Chinese exchanges were shut down and forced out of the country are unknown, and none of the exchanges’ executives have publicly spoken out about their conversations with regulators.
If they decide to shut out crypto in China, it won't be the problem of foreign accounts but a problem of blocking everything everywhere, that's how chinese goverment works. For now as I see they are not have strong plans for that.
Topic: Binance in China prohibited? (Read 99 times)
Hey guys! I have strong nerves and am hodling strong, but can someone explain to me what happens to the non-chinese accounts on chinese exchanges like binance when cryptos are really shut out of china?
Thanks!
Thanks!
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