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Billions Are Being Bet On These Crypto Projects! [I FOUND WHO]While not the first time a Chinese court has questioned the prevailing policy of the CCP, any break with hierarchy within Chinese politics. Crypto Is Illegal in China. Binance Does $90 Billion of Business There Anyway. Retaining its Chinese footprint will be crucial for Binance as it. 1- Bitcoin is not currency according to the Chinese party-state, and use of it as such is not allowed by the Chinese party-state. This includes.