China Introduces Stricter Rules Against P2P Networks, Thus Limiting Bitcoin Activity

By Daniel Zo Bitcoin, Blockchain, China, P2P, SME, Ban Read Comments

During the last couple of years, China has held an interesting position when it comes down to regulating cryptocurrencies. This is no surprise, considering the length of censorship that the Great Firewall of China may impose on their people.

However, it’s worth pointing out that the country’s peer-to-peer (P2P) lending market has grown quite a lot in the last years, thus emerging as the largest in the world. So far, it has been driven by the constant supply of funds coming from retail investors, but also to the demand to financial help coming from SMEs.

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