China HK bitcoin holders scrambling to protect their crypto assets
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The running joke in crypto is that China has banned crypto hundreds of times, 'Sobrado said. 'I'd be willing to wager people will be trading bitcoin in China a year from now.
Some crypto holders in China and Hong Kong are scrambling to find a way to safeguard their bitcoin and other tokens after China's central bank published a new document Friday spelling out tougher measures in its wider crypto crackdown, including souped-up systems to monitor crypto-related transactions
China, Hong Kong bitcoin holders scramble to protect their crypto assets. ; Some crypto holders in China and Hong Kong are scrambling to find a way to safeguard their digital currencies, according to an attorney who works with overseas clients to protect their crypto wealth
Chinese authorities put a stop to token sales in 2017 and pledged to continue to target crypto exchanges in 2019. And earlier this year, China's takedown of its crypto mining industry led to half the global bitcoin network going dark for a few months.