News Snapshot:
The crypto industry in China has experienced a devastating shakeup months ago as the government launched a series of crackdowns on cryptocurrency mining operations. [China] has experienced a devastating shakeup months ago as the government launched a series of crackdowns on cryptocurrency mining operations. The authorities’ hostility was so severe that majority of crypto miners in the country were forced to migrate, not just in other provinces, but outside of the country. Aside from mining, the government has also banned crypto-related purchases, investments, trading, and exchange. As a result, China’s share of bitcoin mining has dropped by 55% since the...
