How Investors in China Keep Trading Crypto, Despite the Ban

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.3 • 1.7K Ratings

🗓️ 24 January 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the early years of the cryptocurrency boom, China was a hub of activity. But starting in 2021, crypto trading was banned in the country. That hasn’t stopped people from finding creative workarounds—and trading tens of billions of dollars worth of crypto in the process. WSJ reporter Weilun Soon tells host Alex Ossola how Chinese traders are still operating, and what it might mean for regulators across the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Listen up.
0:02.0	This February,
0:03.0	Oh my God, you're Ellie Conway.
0:05.0	I am such a fan.
0:06.0	What is it you do?
0:07.0	Espionage.
0:08.0	Don't miss the new action adventure, Argyle.
0:12.0	I want all assets fixed on them now.
0:14.3	Who are these people?
0:16.0	Real life spies.
0:17.2	From the Director of Kingsman.
0:18.6	I can't pull off a spy mission.
0:20.6	Everything hinges on this.
0:23.0	It's time for you to meet the real Agent Argyle.
0:26.3	Oh my God.
0:27.3	Argyle, in cinemas Thursday, February 1st.
0:30.3	Welcome to Tech News Briefing. It's Wednesday, January 24th. I'm Alex Ocela for the Wall Street Journal.
0:40.0	Coming up on today's show, Big tech stocks are driving major indexes to new highs.
0:45.0	We'll hear how investors are reacting and why that might change from W.S.J.
0:50.0	Markets Reporter Charlie Grant.
0:52.0	And then China banned cryptocurrency trading in 2021,
0:56.2	but that hasn't stopped investors from finding creative workarounds to make trades happen.
	...

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