{"id":326777,"date":"2021-08-17T14:55:57","date_gmt":"2021-08-17T11:55:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/"},"modified":"2021-08-17T14:55:57","modified_gmt":"2021-08-17T11:55:57","slug":"shanghai-special-crypto-crackdown-fallout-and-what-happens-next","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/","title":{"rendered":"#Shanghai Special: Crypto crackdown fallout and what happens next"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3600220b75e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3600220b75e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Whats_the_issue_this_time_around\" >What\u2019s the issue this time around?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Crypto_leaders_are_obsessed_with_life_extension_Heres_why\" >Crypto leaders are obsessed with life extension. Here\u2019s why<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Is_the_cryptocurrency_epicenter_moving_away_from_East_Asia\" >Is the cryptocurrency epicenter moving away from East Asia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Crypto_City_Guide_to_Melbourne\" >Crypto City: Guide to Melbourne<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Who_takes_gold_in_the_crypto_and_blockchain_Olympics\" >Who takes gold in the crypto and blockchain Olympics?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Is_Bitcoin_a_religion_If_not_it_soon_could_be\" >Is Bitcoin a religion? If not, it soon could be<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Regulator_influence_on_the_decline\" >Regulator influence on the decline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Reading_the_tea_leaves_with_regulators\" >Reading the tea leaves with regulators<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#The_best_of_blockchain_every_Tuesday\" >The best of blockchain, every Tuesday<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Crypto_leaders_are_obsessed_with_life_extension_Heres_why-2\" >Crypto leaders are obsessed with life extension. Here\u2019s why<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Is_the_cryptocurrency_epicenter_moving_away_from_East_Asia-2\" >Is the cryptocurrency epicenter moving away from East Asia?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Crypto_City_Guide_to_Melbourne-2\" >Crypto City: Guide to Melbourne<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Who_takes_gold_in_the_crypto_and_blockchain_Olympics-2\" >Who takes gold in the crypto and blockchain Olympics?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/shanghai-special-crypto-crackdown-fallout-and-what-happens-next\/#Is_Bitcoin_a_religion_If_not_it_soon_could_be-2\" >Is Bitcoin a religion? If not, it soon could be<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Shanghai Special: Crypto crackdown fallout and what h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ens next<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/MAG-our-man-in-shanghai-6.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                &lt;p&gt;&lt;span style=\"font-weight: 400\"&gt;&lt;strong&gt;The summer of regulatory action has now become a global phenomenon. Lawmakers and politicians are waving their fingers and making threats toward the industrys leading virtual asset service providers  a term &lt;\/strong&gt;&lt;\/span&gt;&lt;strong&gt;&lt;a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fatf-gafi.org\/publications\/fatfrecommendations\/documents\/public-consultation-guidance-vasp.html\"&gt;coined&lt;\/a&gt; by the FATF to describe exchanges, wallets, custodians and even DeFi platforms.&lt;\/strong&gt;\n<\/code><\/pre>\n<p><strong>But when it comes to crackdowns on cryptocurrency, few places do it with the effectiveness and experience of the Chinese government.<\/strong><\/p>\n<p><span style=\"font-weight: 400\">Unlike in the United States, Chinas regulators are not having a public discourse about it. Decisions are made behind closed doors, and announcements come swiftly, posted on government websites or in speeches from well-primed officials. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The directives come from the very top and are swiftly reiterated and enforced by lower-level officials in provincial- or city-level government, by state-owned enterprises and by financial institutions. This top-down style of regulation tends to make the \u201cChina ban\u201d seem very repetitive and severe. In reality, the same regulation can be repeated dozens of times by different branches, scaring the public but having very little additional impact on the industry.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">3000 kilos of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> miners packing to be airlifted to the US. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/d07y5GUBB3\">pic.twitter.com\/d07y5GUBB3<\/a><\/p>\n<p>\u2014 8BTC<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> (@btcinchina) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/btcinchina\/status\/1406819010000285697?ref_src=twsrc%5Etfw\">June 21, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Whats_the_issue_this_time_around\"><\/span>What\u2019s the issue this time around?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Although owning cryptocurrency has never been officially banned, the need for reform in other areas of the industry was probably present. According to Winston Ma, former managing director and head of North America at China Investment Corporation, the Chinese government has pushed the regulations with the aim of protecting consumers, becoming closer to carbon neutrality targets and achieving greater financial stability. <\/span><\/p>\n<p><span style=\"font-weight: 400\">While the last reason is more subjective, theres no denying that Chinas opportunistic mining industry and speculation-heavy retail investors were running largely unchecked at the beginning of the year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ma will be among the first to note the effectiveness of the changes taking place, especially for the mining industry, telling Magazine:<br \/><\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\"> So far, the impact from the energy perspective is the most obvious: After the central government initiated the cryptocurrency crackdown campaign in May, major coal-based power producers such as Inner Mongolia and Xinjiang, which were previously the top two cryptocurrency mining hubs in China, have been among the first regions that quickly developed local rules to clean up mining businesses.<\/span><\/p>\n<\/blockquote>\n<p>This wont be a short-term adjustment. Most large mining firms have moved abroad, and the overall BTC mining hash rate is still <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ycharts.com\/indicators\/bitcoin_network_hash_rate\">down<\/a> by around 40% from the highs of the spring, prior to the crackdown. Energy and climate policies were the focal point of Chinas all-important five-year plan that was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-column-china-energy-kemp-idUSKBN2BB1Y1\">released<\/a> this spring, cementing the importance of cleaner energy consumption for the foreseeable future.<\/p>\n<p><span style=\"font-weight: 400\">Despite its significance to the crypto community, mining is not much of a contributor to the national GDP.<\/span><span style=\"font-weight: 400\"> Revenue for Chinese miners <\/span><span style=\"font-weight: 400\">was just shy of $7 billion<\/span><span style=\"font-weight: 400\"> for the 12-month period leading up to June, a number far too insignificant to move the needle for the government. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The revenue of ride-sharing app Didi <\/span><span style=\"font-weight: 400\">was by itself over three times<\/span><span style=\"font-weight: 400\"> that in 2020, and the Chinese government had very few hesitations about <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/07\/15\/didi-crackdown-chinese-ride-hailing-rivals-look-to-take-advantage.html\">cracking down<\/a> on it after it emerged that it had provided user data to U.S. regulators. Didi apps were removed from domestic app stores, and now competitors are lining up to fill a massive market share should Didi fail to resolve its legal issues.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_8546\" aria-describedby=\"caption-attachment-8546\" style=\"width: 533px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-8546\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/b0a78328-e914-4375-b3d0-31d7dec54d1f.webp\" alt=\"\" width=\"533\" height=\"444\" \/><figcaption id=\"caption-attachment-8546\" class=\"wp-caption-text\">Although Chinese miners were raking in money, it wasn\u2019t anywhere near enough to stave off regulation from the government (data from June 2021)<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">Sally Wang, vice president of portfolio marketing at Sino Global Capital, notes that despite Chinese regulators not tolerating risk areas that threaten financial stability, theres been a huge increase in blockchain use cases at national, regional and city levels.<br \/><\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p><span style=\"font-weight: 400\">Weve seen miners move out of China, and weve also seen large fintechs, such as Alibaba, experiment with NFTs. Token-less blockchain projects in China have seen huge growth. <\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">This type of development has allowed players to continue contributing to a healthy blockchain ecosystem in China, with local governments supporting major events like the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/the-capital\/2021-world-blockchain-conference-hangzhou-6-core-issues-were-announced-for-the-first-time-and-the-4c5463b071ac\"><span style=\"font-weight: 400\">World Blockchain Conference<\/span><\/a><span style=\"font-weight: 400\"> in Hangzhou and the upcoming <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/wxblockchain.medium.com\/2021-shanghai-international-blockchain-week-returns-on-sept-10th-15th-c6a88e6e6c23\"><span style=\"font-weight: 400\">Shanghai International Blockchain Week<\/span><\/a><span style=\"font-weight: 400\"> in September.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__0_611c4b2aa0b93    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto and life extension\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-Crypto-people-are-obsessed-with-the-idea-of-life-extension-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-Crypto-people-are-obsessed-with-the-idea-of-life-extension-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-Crypto-people-are-obsessed-with-the-idea-of-life-extension-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-Crypto-people-are-obsessed-with-the-idea-of-life-extension-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_leaders_are_obsessed_with_life_extension_Heres_why\"><\/span>Crypto leaders are obsessed with life extension. Here\u2019s why<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 11, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Is the cryptocurrency epicenter moving away from East Asia?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Is_the_cryptocurrency_epicenter_moving_away_from_East_Asia\"><\/span>Is the cryptocurrency epicenter moving away from East Asia?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 10, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Melbourne crypto city\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_City_Guide_to_Melbourne\"><\/span>Crypto City: Guide to Melbourne<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 4, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Who takes gold in the crypto and blockchain Olympics?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Who_takes_gold_in_the_crypto_and_blockchain_Olympics\"><\/span>Who takes gold in the crypto and blockchain Olympics?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 30, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Bitcoin and religion\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Is_Bitcoin_a_religion_If_not_it_soon_could_be\"><\/span>Is Bitcoin a religion? If not, it soon could be<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 29, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Regulator_influence_on_the_decline\"><\/span><span style=\"font-weight: 400\">Regulator influence on the decline<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">The original crackdown<\/span><span style=\"font-weight: 400\"> that banned ICOs and exchanges in 2017 caught the crypto industry at a vulnerable time. The majority of worldwide trading volume at the time originated from China or happened on Chinese exchanges, and the large ones were registered and based within the mainland. This left them at the mercy of authorities and taught the industry a valuable lesson about managing geographic risk. <\/span><\/p>\n<p><span style=\"font-weight: 400\">After that, key industry players such as Binance, Huobi and OKEx began setting up in places like Hong Kong and Singapore, where regulators were more open-minded. Subsequently, these exchanges are now slightly removed from the jurisdiction of the Chinese government, provided they arent too conspicuous when recruiting Chinese users.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_8544\" aria-describedby=\"caption-attachment-8544\" style=\"width: 549px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-8544 \" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/sep15-1.jpg\" alt=\"\" width=\"549\" height=\"453\" \/><figcaption id=\"caption-attachment-8544\" class=\"wp-caption-text\">Throwback to 2017: This Cointelegraph graphic shows how fearful the industry was after the future of many large exchanges was thrown in doubt.<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">As more and more of the industry shifts overseas, the impact of regulators is lessened. Unfortunately, miners who were keen to take advantage of low-cost energy from Chinas abundant hydropower and coal-powered plants were not as quick to decentralize. That left them in a precarious position, sparking a wave of panic after China <\/span><span style=\"font-weight: 400\">cracked down on miners earlier this year<\/span><span style=\"font-weight: 400\">. The good news for investors is that miners have now responded by also relocating abroad, reducing the need for any future negative regulation against the mining industry.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Reading_the_tea_leaves_with_regulators\"><\/span><span style=\"font-weight: 400\">Reading the tea leaves with regulators<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Retail trading is still a major uncertainty, as large, predominantly Chinese exchanges like Huobi and OKEx <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ftx.com\/en\/volume-monitor\">make up<\/a> around 20% of global volumes, according to <\/span><span style=\"font-weight: 400\">FTX\u2019s vo<\/span><span style=\"font-weight: 400\">l<\/span><span style=\"font-weight: 400\">ume monitor<\/span><span style=\"font-weight: 400\">. Binance makes up over 50% of global volume and likely has a large percentage of Chinese users as well.<br \/><\/span><\/p>\n<p><span style=\"font-weight: 400\">While users cant directly buy cryptocurrency with fiat on these platforms, P2P transactions still make it easy for savvy users to purchase on platforms like Binance, using Chinese bank accounts and commercial payment apps to transact between the yuan and stablecoins.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>(function() {window.mc4wp = window.mc4wp || {listeners: [],forms: {on: function(evt, cb) {window.mc4wp.listeners.push({event   : evt,callback: cb});}}}})();<!-- Mailchimp for WordPress v4.8.6 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><\/p>\n<div class=\"mc4wp-form-fields\">\n<div class=\"jeg_mc4wp_heading\">\n<h3><span class=\"ez-toc-section\" id=\"The_best_of_blockchain_every_Tuesday\"><\/span>The best of blockchain, every Tuesday<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>  Subscribe for thoughtful explorations and leisurely reads from Magazine.<\/p>\n<\/div>\n<p>By subscribing you agree to our Terms of Service and Privacy Policy<\/div>\n<p><label>Leave this field empty if you&#8217;re human: <\/label><\/p>\n<div class=\"mc4wp-response\"><\/div>\n<p><!-- \/ Mailchimp for WordPress Plugin --><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">To this point, the government hasnt been successful in slowing this volume, even though bank accounts are occasionally frozen for transacting in P2P markets. The sheer volume of digital transactions makes this tough to monitor, but its possible that the government isnt that interested in eliminating these channels entirely. Completely shutting down exchanges and retail investors might be possible, but it would risk leaving China frozen out, without a horse in the race  something China is reluctant to do.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Wang believes that exchanges that have large volumes coming from China will continue to adapt, telling Magazine: <\/span><span style=\"font-weight: 400\">We think they are likely to follow the global trend towards stricter compliance, and as weve seen, they have already looked at limiting leverage and reducing the scope of products available for new users. Wang is referencing what occured earlier this year when exchanges like Huobi limited users\u2019 <\/span><span style=\"font-weight: 400\">access to futures<\/span><span style=\"font-weight: 400\">, a popular but high-risk product that is often more akin to gambling than to investing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ma remains less convinced of the short-term future: <\/span><\/p>\n<blockquote class=\"pullquote align-center\"><p>Chinas securities and banking regulators have yet to release new regulations on cryptocurrency trading. The uncertainty could mean real, long-term downward pressure on cryptocurrency prices.<\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Ma is not alone in worrying about what comes next. Many people in the Chinese community, including early entrepreneur Bobby Lee, have voiced similar concerns, especially after seeing regulators<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7e6f9a08-37be-4ab3-ae15-953533ab33b5\">take aim<\/a> at so many companies and individuals in China\u2019s private tech sector this summer. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Should more action be taken against retail traders, many Chinese users might worry about their ability to cash out in the future, leading to more fear in the markets. The question then becomes whether or not scandals, scams and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> unrest stemming from speculative investments could force the government to take action. The best bet for cryptocurrency holders is an increase in sustainable development that is more focused on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. Surging prices on meme tokens like Dogecoin and Shiba Inu might be attractive to short-term traders, but they increase the likelihood that the government will put pressure on retail users and the exchanges that service them.<\/span><\/p>\n<p><span style=\"font-weight: 400\">One Chinese <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/en.wikipedia.org\/wiki\/Kill_the_chicken_to_scare_the_monkey\">proverb<\/a> to take wisdom from is the idea of <\/span><i><span style=\"font-weight: 400\">killing the chicken to scare the monkey<\/span><\/i><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this story, a man slaughters a chicken to teach his prized dancing monkey a lesson. By comparison, Chinas regulators wont balk at squashing a corporation if it means that others will fall into line. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The international crypto community should hope that Chinas leading projects are able to navigate these new policies unscathed and continue building a healthy blockchain ecosystem. Chinese entrepreneurship has consistently produced the largest exchanges and major mining companies like Bitmain and Canaan, not to mention many leading venture captalists and investors who have helped to shape the industry. The next move from regulators might be an important one, as we may find out whether the top players become the chicken or the monkey.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__1_611c4b2aa9018    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='4500' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Crypto and life extension\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-Crypto-people-are-obsessed-with-the-idea-of-life-extension-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-Crypto-people-are-obsessed-with-the-idea-of-life-extension-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-Crypto-people-are-obsessed-with-the-idea-of-life-extension-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-Crypto-people-are-obsessed-with-the-idea-of-life-extension-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_leaders_are_obsessed_with_life_extension_Heres_why-2\"><\/span>Crypto leaders are obsessed with life extension. Here\u2019s why<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 11, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Is the cryptocurrency epicenter moving away from East Asia?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine-How-investors-in-different-parts-of-the-world-see-crypto-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Is_the_cryptocurrency_epicenter_moving_away_from_East_Asia-2\"><\/span>Is the cryptocurrency epicenter moving away from East Asia?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 10, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Melbourne crypto city\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/magazine_Crypto_cities_Melbourne-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Crypto_City_Guide_to_Melbourne-2\"><\/span>Crypto City: Guide to Melbourne<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> August 4, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Who takes gold in the crypto and blockchain Olympics?\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine-cryptoolympics2-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Who_takes_gold_in_the_crypto_and_blockchain_Olympics-2\"><\/span>Who takes gold in the crypto and blockchain Olympics?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 30, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Bitcoin and religion\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/07\/magazine_Bitcoin_as_religion-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Is_Bitcoin_a_religion_If_not_it_soon_could_be-2\"><\/span>Is Bitcoin a religion? If not, it soon could be<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> July 29, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2021\/08\/17\/man-in-shanghai-special-the-industry-fall-out-from-chinas-crypto-crackdown-and-what-happens-next\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Shanghai Special: Crypto crackdown fallout and what happens next&#8221; &lt;p&gt;&lt;span style=&#8221;font-weight: 400&#8243;&gt;&lt;strong&gt;The summer of regulatory action has now become a global phenomenon. Lawmakers and politicians are waving their fingers and making threats toward the industrys leading virtual asset service providers a term &lt;\/strong&gt;&lt;\/span&gt;&lt;strong&gt;&lt;a rel=&#8221;nofollow noopener&#8221; target=&#8221;_blank&#8221; href=&#8221;https:\/\/www.fatf-gafi.org\/publications\/fatfrecommendations\/documents\/public-consultation-guidance-vasp.html&#8221;&gt;coined&lt;\/a&gt; by the FATF to describe exchanges, wallets, custodians&#8230;<\/p>\n","protected":false},"author":1,"featured_media":326778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/08\/MAG-our-man-in-shanghai-6.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-326777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/326777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=326777"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/326777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/326778"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=326777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=326777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=326777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}