Blocktempo and Coinness, it has been revealed that China still has around 30 million cryptocurrency users, which accounts for about 2.12%
Highlights
- China still has around 30 million cryptocurrency users, which accounts for about 2.12% of the population.
- Despite the decline in the number of users, the industry is still thriving in terms of total investment volume.
- The report also highlights Hong Kong’s growing role as an emerging hub for blockchain technology in Asia.
- Despite spending campaigns during the Beijing Winter Olympics, only 13.61 billion of China’s digital yuan Central Bank Digital Currency (CBDC) was in circulation, accounting for just 0.13% of China’�s money supply.
- Despite headwinds from the banning of cryptocurrencies in China, Hashkey Capital, Dragonfly, and Foresight Venture are still operating in mainland China.
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