China’s Crypto Ban Proven Ineffective, What Can Other Nations Learn?

China has been under a blanket crypto ban since September 2021, but it has not stopped its citizens from buying and selling digital assets. A recent report by Bloomberg found that a lot of Chinese investors were making credit claims from the FTX crypto exchange, despite a crypto ban in the country. Meanwhile, Binance and OKX also reported significant usage by Chinese citizens. Crypto Ban in China Difficult to Enforce The report found that 8% of FTX claims come from Chinese users, accounting for over 9 million customer accounts. The crypto ban has either been ineffective or loosely enforced, according to Caroline