News Snapshot:
© Reuters. Chinese Bitcoin miners prepare exit strategy in the face of regulatory uncertainty Following reports that Chinese regulators will be cracking down on mining and trading activities, Chinese miners are already planning their exit strategy. As reported by BTC PEERS, the country’s Financial Stability and Development Committee (FSDC) said during its 51st meeting that it would “crackdown on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.” Although China is yet to release official news on the matter, the single line of comment from the FSDC is already driving several miners...
