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URGENT!! CHINA LEGALIZES BITCOIN AND CRYPTO!! (Biggest Bull Market of ALL TIME Beginning)Despite government crackdowns and widespread reports that crypto is outlawed in China, crypto trade is still very much alive. Beijing banned crypto trading in , and authorities have since detained, fined and jailed people working in the sector. Big crypto exchanges. New research shows that China's Bitcoin ban has sent the process of creating new coins, known as mining, to countries where it uses far less.