RE: Yesterday’s late trades16 May 2021 13:22
Joker, China started banning bitcoin in 2013, doesn't seem to have had much effect.
"Financial institutions are not allowed to facilitate bitcoin transactions.[13] Regulation prohibits financial firms holding or trading cryptocurrencies.[8]:China On 5 December 2013, People's Bank of China (PBOC) made its first step in regulating bitcoin by prohibiting financial institutions from handling bitcoin transactions.[90]
On 1 April 2014 PBOC ordered commercial banks and payment companies to close bitcoin trading accounts in two weeks.[91]
Cryptocurrency exchanges or trading platforms were effectively banned by regulation in September 2017 with 173 platforms closed down by July 2018.[92]
In early 2018 the People's Bank of China announced the State Administration of Foreign Exchange led by Pan Gongsheng would crack down on bitcoin mining.[93][94] Many bitcoin mining operations in China had stopped operating by January 2018.[92]"