The post China Banned Crypto, But Chinese P2P Transactions Just Exploded 43x. Here’s Why appeared first on Coinpedia Fintech News

A recent study has revealed that peer-to-peer (P2P) transactions among Chinese users have grown 3.5-fold in the past year despite the nation’s relentless crypto ban. According to Blockchain intelligence firm Chainalysis, the Chinese are utilizing these P2P transactions as a workaround to the heavily restricted centralized crypto operations.  Latest statistics on China crypto growth  In …