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CHINA JUST PUMPED BITCOIN AND (THESE 13) CRYPTOS ON NATIONAL TV!!?Ethiopia, which allowed Bitcoin mining starting in even though it still bans cryptocurrency trading, has bolstered ties with China over the. Despite the banning of domestic cryptocurrency trading and initial coin offerings, China's blockchain industry is still very much alive. Prime examples of. The blockchain-backed digital currency project, which the People's Republic of China has been working on for seven years, has finally been completed.