Despite China’s blanket ban on all crypto-related activities in the country, residents of the country still account for roughly 10% of all global transactions involving digital assets. This was revealed by the People Bank of China in a report where it examined how the crypto crackdown has affected financial markets in the country. China’s crypto activities drop by 80% According to the report, all P2P online lending platforms no longer operate within the country, and the outstanding loan balance has now dropped to 490 billion yuan from 1.2 trillion yuan. The report also stated that the bank plans to “integrate...