Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining.
Amid fresh reports on social media suggesting that China might lift its long-standing ban on Bitcoin, the cryptocurrency community remains skeptical about this possibility.
On July 14, Galaxy Digital CEO Mike Novogratz shared on X that he has been hearing reports suggesting China is "likely to unban" Bitcoin (BTC) by late 2024.
“If this is true, and it's the second time I’ve heard in weeks, it’s a huge deal,” Novogratz wrote, asking the community to provide more insights on the issue.
