IBC Group to end Bitcoin and Ethereum mining in China, and move staff to UAE, Canada, USA, Kazakhstan, Iceland, and various South American countries

Khurram Shroff led IBC Group has responded to the Chinese decision to crackdown on cryptocurrency mining within their territory, by deciding to close all its Bitcoin and Ethereum mining facilities across China. The IBC Group will move its staff to new locations; including UAE, Canada, USA, Kazakhstan, Iceland, and various South American countries. Toronto, Canada: The IBC group has significant Bitcoin and Ethereum mining operations across China and has over 1500 people employed in more than 40 cities. The group, which has invested in over 4000 different Blockchain projects - including playing an instrumental role in the launch of Ethereum…