China's Broker Crackdown: Billions Could Flood P2P Crypto Channels
Beijing is shutting down offshore brokers, freezing billions in Chinese investor capital. This locked-up cash is about to hit P2P and OTC desks, driving USDT premiums sky-high.
China's regulators are slamming the door shut on major offshore brokers like Tiger and Futu. This isn't just a slap on the wrist; it's a two-year wind-down that's freezing massive amounts of mainland investor cash. Think billions looking for an exit, and fast.