Crypto Platform 8btc Shifts Away from Cryptocurrency in China! But Why?

One of China’s oldest cryptocurrency news platforms, 8btc, has made the surprising decision to stop producing content related to cryptocurrencies. According to popular Chinese crypto reporter, Wu Blockchain, the platform will now focus on artificial intelligence. 8btc, which received an investment equivalent to $14 million in 2018, even before many popular accounts were aware of cryptocurrencies, has been an integral part of the crypto community. This move away from cryptocurrency content by one of the country’s most significant platforms could potentially indicate that the pressures faced by the crypto industry in China since 2021 have not diminished. More worryingly, 8btc’s shift away from cryptocurrency, despite Hong Kong’s recent policy changes, could potentially feed into a more pessimistic outlook for the future of cryptocurrency in the country. Despite the pressures, China still represents a significant region for crypto mining, and its citizens are allowed to invest in cryptocurrencies. Companies and over-the-counter […] The post Crypto Platform 8btc Shifts Away from Cryptocurrency in China! But Why? appeared first on COINTURK NEWS.