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's strict stance on cryptocurrencies. 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. Of course, it's no surprise that the Chinese authorities were quick to shut down crypto on Douyin. They're stricter about cryptocurrency than a tiger mom is about her kid's grades, and let's face it, Douyin is more censored than a library book in a theocracy. But, for one glorious day, mainland Chinese users 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't follow the rules, they got kicked out the next day. The message was clear: cryptocurrencies are about as legal as jaywalking in Beijing. It's like the government is telling you to invest in crypto with one hand and slapping it away with the other. It's like they're saying, 'Hey, you can own crypto, just don't tell anyone about it.' It's a shame, really. Douyin could have been the new crypto haven, the way Macau is for gambling. But instead, it's back to being the same old platform, with users dancing to the same old tunes like they're at a karaoke bar. But who knows, maybe one day, they'll be able to shout 'To the moon!' like they're at a Chinese New Year celebration.Well folks, hold onto your hats because China's Douyin, also known as TikTok outside of China, tried to dip its toes into the world of crypto, and let's just say it was quite the adventure.
Also, Read - China Allowed Crypto in Hong Kong, Citizens Started Cheering for Winnie the Pooh!
