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Cryptocurrency ban in China Will Stay, Says Director of Hong Kong

Almost a year after China banned ICOs and cryptocurrency trading, it does not appear as if it is going away anytime soon. Desmond Marshall, Managing Director of Hong Kong-based The Floor, shares a similar perspective. In a recent interview with Finance Magnates regarding the current scenario around cryptocurrencies, he said, “The situation with China is a little bit sensitive at this point around here.” China is Not Ready to Recall the Ban Up until the end of 2017, China had been the undisputed leader in cryptocurrency adoption and mining. China’s lead was mainly due to lax regulation on the trading front and cheap electricity for bitcoin and…

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