Chinese investors are finding innovative ways to tap into the digital assets markets and participate in some of the year's most profitable trends despite Beijing's ban on cryptocurrency trading. The government has banned crypto amid a blaze of publicity numerous times, including a 2013 ban on banks dealing in crypto, a 2017 ban on initial coin offerings and exchanges, followed by a trading and mining ban in 2021.

Despite this, accessing cryptocurrencies in the mainland isn't that difficult, pseudonymous investor Lowell tells Magazine. Lowell is a recent university graduate who describes herself as a full-time cryptocurrency trader. She had the option to pursue a career in her field of study but says that a "normal" job cannot match the profits she can make with crypto.

China's cryptocurrency bans aren't always crystal clear or effective. Though crypto trading and businesses are prohibited, there are channels for investors to partake in the global market. Local traders say they buy and sell their cryptocurrencies to other investors via peer-to-peer trading on centralized exchanges like OKX and Binance. While China's Great Firewall prohibits access, savvy users with VPNs can access the websites and apps they need.

Source: https://cointelegraph.com/magazine/china-crypto-ban-investors/

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