bitcoin in China is mainly for speculation and money laundering. It is illegal for business to take bitcoins and operate exchanges. I don't think holding it or

bitcoin in China is mainly for speculation and money laundering. It is illegal for business to take bitcoins and operate exchanges. I don't think holding it or transferring it would be a problem, that's the base of bitcoin's decentralization. There are A LOT scams going on with all coins, people put money into it without knowing anything about cryptocurrency. If you read recent news about Evergrande, when Chinese people invest money for speculation, no one is considering the risk of losing money. I wonder if this has something to do with this.