Executive vice-chairman of China’s biggest online retail platform Alibaba, Joe Tsai took Twitter by storm earlier today when he tweeted “I like crypto.” What made it even more prominent is the fact that China has taken a no-nonsense policy against crypto banning all forms of crypto mining and declaring crypto transactions as illegal.
I like crypto
— Joe Tsai (@joetsai1999) December 28, 2021
Binance CEO Changpeng Zhao was quick to notice the tweet and responded with “I like Joe.” While the Chinese government has banned crypto more than a dozen times, but Chinese crypto traders often find a way to bypass the ban. Even after an all-out ban on foreign exchanges, many Chinese crypto traders turned to Defi to sweep under the radar of government surveillance.
I like Joe https://t.co/axjaRtPoe3
— CZ Binance (@cz_binance) December 28, 2021
Non-Fungible Tokens (NFTs) have got very popular among Chinese artists and businesses despite a looming uncertainty from the government. R
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