OPINIONATED: Is China Opting Out of Crypto? Feat. Dovey Wan

06/28/21 • 20 min

This week, “Opinionated” co-hosts Ben Schiller and Anna Baydakova are talking to Dovey Wan, partner at San-Francisco-based VC Primitive Ventures.

This episode is sponsored by PumaPay.io.

China is getting serious about banning crypto. In a fresh onslaught on the industry this month, the country has blocked bank transfers related to crypto, and five regions, including the key hydropower province of Sichuan, have shut down the local miners. OTC desk operators are getting arrested en masse and mentions of crypto exchanges are getting censored on social media.

The market responded with another downfall starting June 21, Chinese miners are reportedly relocating to other countries, including the U.S., and crypto firms are looking for ways to survive in China without serving Chinese clients.

Dovey Wan has a good grasp of the way things operate in China, and she aptly unpacks the intricacies of the country’s power structure and the main forces behind the political and economic events.

Listen to the “Opinionated” co-hosts Ben Schiller and Anna Baydakova talking with Dovey about this latest crackdown, what it might be driven by and why it should be taken very seriously. Is China letting its crypto dominance go? How can this change the global crypto market, for good or bad?

Dovey Wan’s Twitter handle is: @DoveyWan.

CoinDesk stories mentioned in this episode:

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Image credit: Andriy onufriyenko/iStock/Getty Images Plus/ modified by Coindesk

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06/28/21 • 20 min

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