Will the positive news from Hong Kong turn the tide as China continues its crackdown on cryptocurrencies? It caused questions.
While there has yet to be a positive message regarding cryptocurrencies from the Chinese government, many private companies are aware of the crypto interest in the country and continue to develop their products accordingly.
The latest move in this regard came from Douyin, which is known as the Chinese version of Tiktok and has about 600 million users.
Douyin, one of the leading applications in China, has added a new feature for Bitcoin searches. When users search for Bitcoin, they will see information such as the BTC price, the lowest and highest price of the day, and the percentage change compared to the previous day.
In practice, Bitcoin is promoted as a digital currency in the form of P2P.
Chinese journalist Colin Wu said the move demonstrates the interest of Chinese society and private businesses in cryptocurrencies. Douyin's move seems like a bold move, given that cryptocurrencies are still banned in China.