Breaking: Bitcoin Price Now Features In China’s TikTok Version Douyin

Anvesh Reddy
April 10, 2023
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Just In: UK Exposes TikTok As Potential Unregulated Crypto Platform

Crypto News: Amid concerns of dedollarization and inflation worries in the United States, Douyin, the Chinese version of Tiktok platform, is now displaying Bitcoin price when searched. This is similar to the initiative by Twitter platform, which also displays Bitcoin price when looked in the search console. This is an interesting development by the ByteDance owned company, considering the ban on cryptocurrencies by the People’s Bank of China. The central bank considers cryptocurrencies a risk to the country’s economic instability and from the aspect of financial crimes

Also Read: Popular Economist Says HyperBitcoinization Is Inevitable; Predicts Timeline

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Bitcoin Price Live On Douyin

Tron founder Justin Sun revealed the new feature on China’s Tiktok earlier on Monday. The Bitcoin price is displayed against the Chinese currency when searched on the platform. He said in a tweet,

“Bitcoin price is now live on Douyin (Tiktok in China).”

Although China fundamentally opposes cryptocurrencies related operations in the country, it is said that the Bitcoin mining industry is quite strong in the country. In fact, China is encouraging Hong Kong in the direction of becoming a hub for crypto market and the blockchain ecosystem.

Also Read: Justin Sun Predicts Huobi Global’s Profit To Rise Four Times In Q2

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.