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More Crypto Platforms Are Exiting China as the Ban Ensues By CoinQuora

by Mike Robinson

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More Crypto Platforms Are Exiting China as the Ban Ensues
  • As the ban ensues, three more crypto platforms exit China.
  • Biki, Feixiaohao (BitMart), and Feixiaohao are three of these exchanges.

When China declared that crypto is illegal — that it is “not protected by law”, the world was surprised. Eventually, the crypto platforms pulled out of China and moved their operations to countries other than China.

According to some reports, many platforms in China have stopped operating and are looking to cease operations as quickly as possible. Biki, Feixiaohao (BitMart), and Feixiaohao are some of the platforms. Even Alibaba (NYSE:) International announced a ban “on the sale of all cryptocurrency mining machines” as seen in its Twitter (NYSE:) account:

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