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Chinese investors can participate in the crypto market through offshore channels despite domestic restrictions. They often use virtual private networks (VPNs) to access foreign crypto exchanges like Binance, OKX, or KuCoin, which are not fully blocked. Setting up offshore bank accounts or using stablecoins like USDT allows them to move funds discreetly, bypassing capital controls. Peer-to-peer (P2P) trading is another popular method, where investors buy crypto directly from individuals using platforms like LocalBitcoins or Paxful, often settling via apps like WeChat or Alipay before scrutiny intensified. Some leverage Hong Kong-based services, given its more lenient crypto regulations, by establishing entities or using intermediaries. However, risks include legal repercussions, frozen assets, or scams. Investors must stay updated on evolving policies and use secure, anonymous methods to mitigate exposure.
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