Recent developments in China suggest the continued use of cryptocurrencies despite an existing ban by the government. Multiple raids by the Chinese police uncovered the use of cryptocurrencies for illicit transactions totaling billions of dollars. A Bloomberg report revealed that in May, the police in China discovered an underground bank linked to 13.8 billion yuan, The post China’s Crypto Crackdown Failing? Billions in Illegal Transactions Exposed appeared first on Coin Edition .
