I think a lot of those users shifted to things like https://localbitcoins.com/country/CN and person to person trades. There are even some of them sending bitcoins to people in other countries, to exchange the bitcoins for them. Using traditional remittance services to receive the fiat.
Bitcoin is borderless and when governments start to restrict or over-regulate something, then people find alternatives. ^smile^
Hope this was helpful.
Bitcoin is borderless and when governments start to restrict or over-regulate something, then people find alternatives. ^smile^
Hope this was helpful.
