China’s crypto ban seen as buying opportunity for investors with $95M inflows into digital assets: Report – www.financialexpress.com

China’s crypto ban seen as buying opportunity for investors with $95M inflows into digital assets: Report

From www.financialexpress.com
2021-09-28 15:48:00
Sandeep Soni
Excerpt:

 

China’s central bank People’s Bank of China in a statement on September 15 (and posted online last week) had announced a ban on all crypto transactions in China, effectively banning cryptos including Bitcoin.(Image: Reuters)

Digital assets including Bitcoin, Ethereum, Binance, Solana, and others saw inflows worth $95 million last week, taking the total inflows over the past six weeks to $320 million. This suggested that the recent headwinds for digital assets including China’s ban on cryptocurrencies were seen as buying opportunities by investors, digital asset management firm CoinShares said in its weekly report on digital asset fund flows.

 

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