News Snapshot:
The USA Has a Chance to Outcompete China in the Cryptocurrency Industry as Companies Flee from the Country More than 20 cryptocurrency companies have announced they are leaving China after the government cracked down on the industry on September 24. This new wave of sanctions paves the way for the US to gain the upper hand in this sector. The People’s Bank of China issued the “Notice on Further Preventing and Disposing of the Risks of Virtual Currency Trading Hype”, officially classifying all cryptocurrency-related activities as illegal. In response to this announcement, numerous companies have decided to stop doing business...
