China crypto investors are buying more despite Beijing crackdown

Chinese regulators are unlikely to implement an outright ban on the holding of digital assets because it would be too difficult to enforce.
Chinese regulators are unlikely to implement an outright ban on the holding of digital assets because it would be too difficult to enforce.PHOTO: REUTERS

BEIJING (BLOOMBERG) - Some Chinese cryptocurrency holders remain undeterred even after a further crackdown on their industry roiled markets last Friday (Sept 24).

Bitcoin was trading around US$42,600 as of 12pm on Tuesday in Hong Kong, near the level when the People's Bank of China on Friday announced its latest step in reining in crypto.

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