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<p>Key Takeaways</p><ul><li>The Chinese authorities were quick to shut down crypto on Douyin. They&#39;re stricter about cryptocurrency than a tiger mom is about her kid&#39;s grades</li><li>Douyin could have been the new crypto haven, the way Macau is for gambling. But instead, it&#39;s back to being the same old platform, with users dancing to the same old tunes</li></ul><h2 id="header-0">Well folks, hold onto your hats because China&#39;s Douyin, also known as TikTok outside of China, tried to dip its toes into the world of #crypto, and let&#39;s just say it was quite the adventure.</h2><p>It was like watching your conservative uncle suddenly show up with a trendy new haircut and try to act cool. For a hot minute, it seemed like Douyin was going rogue, throwing caution to the wind, and taking on the Chinese government&#39;s strict stance on <a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow">cryptocurrencies</a>. But, alas, it was too good to be true, and just like that, the crypto quotes disappeared faster than a plate of Xiao Long Bao at a Dim Sum restaurant.</p><p>Of course, it&#39;s no surprise that the Chinese authorities were quick to shut down crypto on Douyin. They&#39;re stricter about cryptocurrency than a tiger mom is about her kid&#39;s grades, and let&#39;s face it, Douyin is more censored than a library book in a theocracy.</p><p>But, for one glorious day, <a href="https://www.coingabbar.com/en/crypto-currency-news/chinas-new-mandate-for-ai-security-review-of-all-generative" rel="noopener noreferrer nofollow">mainland Chinese users</a> were flying high on crypto like they were on a bowl of spicy hotpot. They probably felt like they were part of an exclusive club, like VIPs at a Shanghai nightclub. But, like any club that doesn&#39;t follow the rules, they got kicked out the next day.</p><p>The message was clear: cryptocurrencies are about as legal as jaywalking in Beijing. It&#39;s like the government is telling you to invest in #crypto with one hand and slapping it away with the other. It&#39;s like they&#39;re saying, &#39;Hey, you can own crypto, just don&#39;t tell anyone about it.&#39;</p><p>It&#39;s a shame, really. Douyin could have been the new crypto haven, the way Macau is for gambling. But instead, it&#39;s back to being the same old platform, with users dancing to the same old tunes like they&#39;re at a karaoke bar. But who knows, maybe one day, they&#39;ll be able to shout &#39;To the moon!&#39; like they&#39;re at a Chinese New Year celebration.</p><h3 id="also-read-a-href-https-www-coingabbar-com-en-crypto-currency-news-china-allowed-crypto-in-hong-kong-citizens-started-cheering-for-winnie-the-pooh-rel-noopener-noreferrer-nofollow-china-allowed-crypto-in-hong-kong-citizens-started-cheering-for-winnie-the-pooh-a">Also, Read - <a href="https://www.coingabbar.com/en/crypto-currency-news/china-allowed-crypto-in-hong-kong-citizens-started-cheering-for-winnie-the-pooh" rel="noopener noreferrer nofollow">China Allowed Crypto in Hong Kong, Citizens Started Cheering for Winnie the Pooh!</a></h3>

Crypto Goes Viral on Chinese TikTok But Not For Very Long! | CoinGabbar News

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