News Snapshot:
As Bitcoin witnessed skyrocketing demand in the last years, China became a central hub for Bitcoin mining. The country’s decision to suppress mining stations and potentially ban cryptocurrencies seems to cause issues in the global crypto scene. Here are the key dates to note from the status of crypto in China. Date: December 2013 Banks banned from Bitcoin People’s Bank of China and the IT ministry orders banks not to be a part of Bitcoin transactions. But, interestingly enough, people could still be a part of Bitcoin trading. Date: September 2017 Exchange closures China demands the closure of local exchanges,...
