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China’s Bitcoin Ban May Be Bullish for DeFi – But Only Briefly — CoinDesk

China’s Bitcoin Ban May Be Bullish for DeFi – But Only Briefly — CoinDesk

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The crackdown prompted centralized trade Huobi to start to cease offering its service in China, and equally, many Chinese DeFi initiatives are giving up their market in China, in response to sources who agreed to talk to CoinDesk on situation of anonymity due to the delicate nature of the topic.

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