News Snapshot:
In September, Chinese authorities ruled that all crypto transactions in the nation were illegal, adding that they would eliminate the mining of digital assets . Since then, the Chinese Government has ramped up its crypto crackdown, leading to the Great Mining Migration . On Saturday, November 13th, China’s Central Commission for Discipline Inspection stripped Xiao Yi, a former member and vice-chairman of the Jiangxi Provincial Political Consultative Conference, of his position. In addition, Xiao Yi was expelled from the communist party for allowing cryptocurrency mining to happen. In a public letter, dated November 16th , the Chinese government warned state-owned...
