China Ban Cryptocurrency Mining at Breaking News

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China Ban Cryptocurrency Mining, China mining ban | sale $$ crypto latest news | market crash today || china mining ban | sale $$ * this article was originally published here * ivacrypto. It banned banks from handling bitcoin in 2013 and banned initial coin offerings in 2017. The chinese government has been tightening the screws on bitcoin for years.

China says it wants to eliminate bitcoin mining EJINSIGHT
China says it wants to eliminate bitcoin mining EJINSIGHT from www.ejinsight.com

It banned banks from handling bitcoin in 2013 and banned initial coin offerings in 2017. And china has remained a major hub for cryptocurrency mining operations, in which computer farms compete to solve complex equations. On friday, september 24, 2021, china’s most powerful regulators went a step further by issuing a blanket ban on all cryptocurrency transactions and crypto mining, hurting bitcoin and other big coins, squeezing the whole cryptocurrency and blockchain ecosystem, influencing the value of major cryptocurrencies.

China says it wants to eliminate bitcoin mining EJINSIGHT from Nice Breaking News

China’s decision to ban bitcoin mining has dominated discussions in the crypto space for the last ten days. Unlike what some news outlets claim, china has no plans to ban cryptocurrency. Seeing as china was the largest player in the space, naturally, this has implications for the entire asset sector. In recent weeks, china has come down hard on crypto mining by shuttering operations across at least five provinces or regions that are rich in either coal or hydropower. China seizes over 3,500 bitcoin mining rigs, hikes electricity rates.