Not long ago, China decided to crack down on digital currencies by banning both initial coin offerings and exchanges within the mainland. While there has been speculation that the country will soon reintroduce trading, no concrete evidence is available at this time. Big exchanges moving abroad Despite the recent exchange ban, some of the country’s largest digital currency exchange operators are not willing to step down. With this in mind, companies like OKCoin and Binance, alongside numerous other large exchanges and wallet service providers, are planning to move abroad into other Asian countries with friendlier regulation. In fact, recent reports indicate that many of
Source
Chinese Exchanges Move Abroad in Search of Friendlier Regulation
