Speaking at “New Financial Trends and 2018 Financial Technology Summit” in Beijing, researcher Li Honghan estimated that are now over 3 million investors in China holding on to cryptocurrency assets, reports Bitcoin.com.
Li Honghan, a researcher with the International Monetary Institute of Renmin University of China was discussing the current state of cryptocurrency in the country.
It appears if Li’s figures are correct then China’s prohibitive stance on the trading of cryptocurrencies have had little effect. China is still a major Bitcoin player with 50 to 70 per cent of global mining taking place in the country, although this number is not comparable with its far more significant figures before the ban was actually put in place.
To read the full article go to: https://bitcoinnews.com/chinese-hodlers-now-estimated-to-have-reached-3-million-despite-ban/