Be like Dylan 👀
Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023, when he realized that the Chinese economy and its stock markets were going downhill.
Because crypto trading and mining have been banned in China since 2021, Dylan used bank cards issued by small rural commercial banks to buy cryptocurrencies via grey-market dealers. Each of his transactions was capped at 50,000 yuan ($6,978) to avoid scrutiny.
More from Reuters.