CNY Inflows Into Crypto Markets Surge After Shanghai Composite Spike
(WorldNews China)

Back in January 2017, China´s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter. Now, close to two years and three months later, a surge of CNY has been flowing back into the digital currency economy after the Shanghai Composite posting a 24 percent gain this week. Also read: BTCC Founder Positive the PBOC Will Remove China’s Exchange Ban The Steady Rise of CNY Trade Volumes on Paxful and Localbitcoins Since the increase in cryptocurrency volumes and some solid gains across the board,...