China’s Bitcoin Stealth Trade Heats Up Again

China's Bitcoin Stealth Trade Heats Up Again

China’s securities market watchdog last week asked its regional offices to adopt stricter oversight of cryptocurrency trading

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Bitcoin’s 300% price surge since October has revived China’s gray market for cryptocurrency trading, putting regulators on alert about financial risks and capital outflows as volatility increases.

China shut down its local cryptocurrency exchanges in 2017, stifling a speculative market that accounted for 90% of global bitcoin trading.

Onshore investors now trade bitcoins on platforms belonging to Chinese stock exchanges which have relocated abroad, …

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