**Chinese Investors Skirt Crypto Ban with Creative Tactics**
Despite Beijing's stringent bans on cryptocurrency trading, Chinese investors are finding ways to stay active in the digital assets market. The government has repeatedly banned crypto activities, but savvy traders like recent graduate Lowell are navigating these restrictions through peer-to-peer trading on platforms like OKX and Binance, often using VPNs to bypass the Great Firewall.
Crypto isn't entirely illegal in China; individuals can hold and exchange tokens, though these transactions lack legal protection. Rumors of a potential ban reversal are circulating, but experts believe this is unlikely, given China's focus on its central bank digital currency, the digital yuan.
Meanwhile, crypto mining persists despite the 2021 ban, with China still contributing significantly to the global hashrate. Airdrop farming has also become a quasi-industry, with some investors hiring students to maximize their gains.
While crypto businesses in China face the risk of sudden shutdowns, peer-to-peer trading and other creative methods allow investors to continue participating in the global crypto market.