The BAC indicates that China forbids trading and crypto funding outlets from handling the conversion between cryptocurrency/tokens and legal tender.
source https://www.google.com/url?rct=j&sa=t&url=https://www.pymnts.com/blockchain/bitcoin/2020/bitcoin-daily-crypto-exchange-paxful-sees-usage-up-350-pct-in-russia-electric-coin-launches-crypto-education-program/&ct=ga&cd=CAIyGjBkZWE0Yjc3NzNlM2I2MDQ6Y29tOmVuOlVT&usg=AFQjCNGSPZfLpKlH8xEL9j0G12mJHFyTzA
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