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Over-The-Counter Crypto Trading in China

Amid the governmental crackdown, the crypto traders of China are trying hard to bypass the stringent rules by resorting to the Over-The-Counter (OTC) desks for cryptocurrency dealings. There has been a significant surge in the usage of OTC trading platforms ever since the crackdown imposed by the government in China. The latest regulations implemented by China were made to prohibit payment firms and financial institutions from offering crypto trading services. At present, the risks of massive capital outflow have decreased in China owing to the Over-The-Counter trading in the Yuan taking place within the domestic financial system of China. Why is china having serious issues with crypto ?

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