China’s Bitcoin Ban May Be Bullish for DeFi – But Only Briefly — CoinDesk

China’s Bitcoin Ban May Be Bullish for DeFi – But Only Briefly — CoinDesk

The crackdown prompted centralized exchange Huobi to begin to stop providing its service in China, and similarly, many Chinese DeFi projects are giving up their market in China, according to sources who agreed to speak to CoinDesk on condition of anonymity because of the sensitive nature of the subject.

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