Where are China's crypto busts?

Despite the ban, the Chinese market continues to influence the global digital asset landscape, highlighting the resilience and adaptability of crypto enthusiasts in the country.

Recent cryptocurrency busts across China, including in Beijing, the northeastern province of Jilin, and Chengdu city in the southwest, have caught the attention of municipal authorities and state media.

These busts are indicative of the continued significance of Chinese demand in digital-asset markets, despite Beijing's prohibition on crypto transactions over two years ago.

The exchange's presence in the UK and its global outreach demonstrate the international appeal of cryptocurrencies and the importance of regulated platforms in facilitating their trade.

The busts in Beijing, Jilin, and Chengdu represent a concerted effort by the authorities to clamp down on illegal crypto activities, yet they also underscore the challenges in fully regulating this decentralized sector.