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Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were... -January 24, 2024 at 09:27 pm EST - MarketScreener
Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were going downhill. Crypto trading and mining has been banned in China since 2021. Run used bank cards issued by small rural commercial banks to buy cryptocurrencies through grey-market dealers, and capped each transaction at 50,000 yuan ($6,978) to escape scrutiny.
More and more Chinese investors are using creative ways to own bitcoin and other crypto assets that they believe are safer than investing in crumbling stock and property markets at home.
Over a year after China opened its borders following the pandemic, international trips are still lagging, although domestic travel is more popular.
Wechat Pay is a mobile payment service developed by Chinese technology giant Tencent. The service allows users to make payments using their Wechat account. Wechat Pay has become increasingly popular in China, where it is used by millions of people to pay for goods and services. The service is also available in Hong Kong, but […]