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Despite Ban, Chinese Investors Continue to Buy ICO Tokens via Bitcoin OTC Providers

Despite China’s infamous blanket ban on cryptocurrencies, Initial Coin Offering (ICO) investing is making a resurgence in the country as Bitcoin Over-The-Counter (OTC) exchanges gain prominence, reported local outlet Sina News on Sept. 26. OTC Market Fueling China’s Crypto Craze Most OTC providers are overseas-registered “shell” companies that bypass local supervision of the cryptocurrency market. […]

Despite Ban, Chinese Investors Continue to Buy ICO Tokens via Bitcoin OTC Providers