Many cryptocurrency exchanges left China after the fall of 2017, when the Chinese government launched a market-moving crackdown on domestic crypto trading platforms.
Since then, many such companies moved abroad, but some exchanges stayed — or at least used various workarounds to stay open to Chinese users. In some cases, those firms that left opened up offices nearby the Asian superpower, or in other cases inside the country itself, all the while tip-toeing under the seemingly renewed tolerance of the Chinese Communist Party for a time.
The stakes have ratcheted up again this year, however.
The shifting tides come as China’s digital yuan plans have recently been accelerating and after Chinese President Xi Jinping announced back in October that blockchain and related innovations were…