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Coinnounce 2021-05-31 06:27:07

Chinese crypto traders use OTC desks amid regulatory crackdown.

As Chinese authorities attempt to regulate and suppress the cryptocurrency boom, traders have been evading regulatory oversight by using OTC trading desks. According to a May 31 report published by Bloomberg, there has been a significant uptick in OTC platform usage since Chinese authorities announced its latest crackdown earlier this month, with China tightening restrictions prohibiting financial […]

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