Chinese Crypto Operators Seeking Mergers Amid Tightening Regulations

Chinese crypto operators are considering large-scale mergers and acquisitions to escape the ever-tightening grip of the Chinese authorities. As reported in the South China Morning Post, the fragmented digital asset sector in the country is being bought under scrutiny. As regulations tighten, the companies are looking for ways to consolidate their market hold. The financial watchdogs of multiple Asian countries are ramping up efforts to scrutinize crypto industry players. Be it miners, crypto trading hubs, or exchanges; all are facing the heat. Mergers and acquisitions are being discussed across the spectrum, although in hush tones.

Chinese crypto operators view COVID-19 as an opportunity

Globally, mergers and acquisitions in the crypto sector have dropped around 40 percent. In the same period, Chinese crypto operators have reportedly increased M&A’s from earlier 14 percent to 22 percent. The increase in Asian collaborations, takeovers, and mergers can be attributed to the rising scrutiny by the authorities. Read More...

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