China’s Central Television Warns of the Risks of Cryptocurrency OTC Trade



Regulation

Ever felt curious how Chinese trade cryptocurrency exchanges are closed? Last Saturday November 11, China’s Central Television (CCTV-13) aired a program about bitcoin over the counter trading in the country.

Also Read: China Monitors Booming OTC Bitcoin Market After Shutting Down Exchanges

OTC Bitcoin Commercials Clustering Wechat Groups

The program reveals that advertisements about cryptocurrency OTC trading have been clustering WeChat groups like a virus over the past month. The channel’s news reporter also interviews early bitcoin adopter Wang who demonstrates how easy it is to trade through OTC.

“It’s as simple as sending an email,” says Wang. He teaches the reporter to download a bitcoin wallet and sends her some…


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