Published: 9:30am, 8 Jun, 2016 Updated: 11:36am, 8 Jun, 2016
Bitcoin is enjoying a surge in popularity in mainland China due to devaluation of the yuan and a sluggish stock market , contributing to the near-30 % price rise in the last two weeks . Another attraction of the cryptocurrency is the ways in which it can boost Beijing 's anti - corruption efforts , becoming irresistible to officials seeking to transfer their illegal gains away from the mainland . Further evidence of this uptake can be seen with trading volume on BTC China increased three to five times , with most of the worldwide trading carried out via Chinese exchanges . A note of caution has been sounded about the safety of this form of investment and a lack of knowledge about the technologies used ; however , the price growth continues to attract new interest in Bitcoin in terms of volatility in the market .