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China cracks down on bitcoin mining

by Futures Centre, Jan 29
1 minute read

China seems to be trying to crack down on Bitcoin mining – which is significant as more than two-thirds of the world’s Bitcoin mining operations are based there:

China wants an “orderly exit” from bitcoin mining

Bitcoin mining could be on its last legs in China. The country’s top internet-finance regulator, the Leading Group of Internet Financial Risks Remediation, issued a notice asking local governments to “guide” bitcoin-mining operations to make an “orderly exit” from the business, according to a leaked document online.

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