China is one of the most technologically advanced countries in the world, with a population of over 1.4 billion. Of course, China has become one of the largest Bitcoin markets in the early stages of cryptocurrency. Most of the major trading floors in the world are established in this Asian country. According to some reports at the peak, more than 70% Bitcoin miner in China.
Recently, things have been changing a lot and China is no longer the strongest Bitcoin development territory. The government has implemented a number of laws to support investor protection, such as ICO ban and crypto trading platforms. According to the new report, these regulations went into effect rapidly and deeply. At one point, the market dropped to 90% of the volume of crypto transactions with the renminbi and now accounts for just 1% of total trading volume of Bitcoin.
A strong market in crypto trading but too much restricted by laws and government
