BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Chinese Investors Defy Crypto Ban, Maintain Strong Appetite for Digital Assets

by Matoy
February 2, 2024
in Breaking News, Business, Crypto, Politics
A A
1
SHARES
Share on TwitterShare on Reddit
  • Despite China’s ban on crypto, Chinese investors remain bullish, with over 70% having crypto account for over half their portfolio.
  • China is taking steps to regulate crypto through new AML laws and Hong Kong’s crypto exchange licenses, marking a shift from bans to regulation.
  • Crypto news and opinion leaders are top information sources influencing Chinese investment choices, with over 70% preferring news media.

Chinese Investors Remain Bullish on Crypto

According to a December 2023 report by Kyros Ventures, over 70% of Chinese participants said that cryptocurrencies accounted for more than half of their investment portfolio. Additionally, 33% of Chinese investors hold a significant amount of stablecoins, second only to Vietnam. This indicates that Chinese crypto enthusiasts are willing to take on higher levels of risk compared to other Asian countries.

China Taking Steps to Regulate Crypto

While China banned crypto trading in 2021, authorities are now moving to amend AML laws to include crypto transactions. Additionally, Hong Kong issued its first crypto exchange licenses in 2022, showing a shift in attitudes toward regulation rather than outright bans.

ICYMI: Over 70% of Chinese investors have more than half of their portfolio in crypto

Via Kyros Ventures

— BlockNews.com (@blocknewsdotcom) February 2, 2024

Crypto News and Opinions Drive Investing Decisions

The Kyros report found that self-research, crypto news, and opinion leaders were the top three information sources influencing investment choices. Over 70% of Chinese and Thai participants preferred news media over other sources.

Asia Makes Strides Toward Crypto Clarity

In 2022, Asian countries like Hong Kong, South Korea, and Taiwan all took steps to increase regulatory clarity around cryptocurrencies through new legislation and consideration of crypto ETFs.

Conclusion

Despite China’s ban, Chinese investors continue to bet big on crypto compared to regional counterparts. Regulatory attitudes appear to be shifting from outright bans to regulation as seen across Asia. Crypto news and community opinion leaders will likely continue driving investment decisions pending clear regulation.

TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

$TAO Is Back With a Vengeance: Bittensor is About to Explode and Here is Why
Crypto

$TAO Is Back With a Vengeance: Bittensor is About to Explode and Here is Why

May 9, 2025
Crypto

Everything You Need to Know About $DOOD: A New Era for Doodles and Its Ecosystem

May 9, 2025
Ethereum ETH Hits Biggest Single Day Gain Since May 2024: Here is Why $3K is Next
Crypto

Ethereum ETH Hits Biggest Single Day Gain Since May 2024: Here is Why $3K is Next

May 8, 2025
Analysts Predict MOG Coin Could 4x as mog/acc Trend Gains Momentum With Elon Musk Endorsement
Crypto

Analysts Predict MOG Coin Could 4x as mog/acc Trend Gains Momentum With Elon Musk Endorsement

May 8, 2025
Trump Say Upcoming U.S.-China Trade Negotiations May Lower 145% Tariffs: Here is Why
Finance

Trump Say Upcoming U.S.-China Trade Negotiations May Lower 145% Tariffs: Here is Why

May 8, 2025
Stellar XLM Technical Indicators Suggest Imminent Breakout: Here is What You Need to Do
Crypto

Stellar XLM Technical Indicators Suggest Imminent Breakout: Here is What You Need to Do

May 8, 2025
Load More

Related News

Hedera on the Move: Why Analysts Are Eyeing a Major $HBAR Comeback?

Hedera on the Move: Why Analysts Are Eyeing a Major $HBAR Comeback?

May 9, 2025
$TAO Is Back With a Vengeance: Bittensor is About to Explode and Here is Why

$TAO Is Back With a Vengeance: Bittensor is About to Explode and Here is Why

May 9, 2025

Everything You Need to Know About $DOOD: A New Era for Doodles and Its Ecosystem

May 9, 2025
Ethereum ETH Hits Biggest Single Day Gain Since May 2024: Here is Why $3K is Next

Ethereum ETH Hits Biggest Single Day Gain Since May 2024: Here is Why $3K is Next

May 8, 2025
Analysts Predict MOG Coin Could 4x as mog/acc Trend Gains Momentum With Elon Musk Endorsement

Analysts Predict MOG Coin Could 4x as mog/acc Trend Gains Momentum With Elon Musk Endorsement

May 8, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.