China’s Offshore Trading Crackdown Could Unleash a New Wave of Crypto Capital Flight
China’s Offshore Trading Crackdown Could Unleash a New Wave of Crypto Capital Flight
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China's CSRC has banned prominent offshore brokers like Tiger Brokers, Futu, and Longbridge for mainland users. This regulatory crackdown is expected to pressure traders and potentially drive a new wave of capital flight towards digital assets, specifically mentioning USDT and broader crypto rails as alternative avenues.
CSRC bans Tiger Brokers, Futu, and Longbridge for mainland users, pressuring traders toward USDT and crypto rails.