China ban cryptocurrency - China says all cryptocurrency
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China's Ban On Cryptocurrency Mining Expands to Additional Provinces
Why China Is Cracking Down on Bitcoin
China's Ban On Cryptocurrency Mining Expands to Additional Provinces
China Crypto Bans: A Complete History
What we know about China’s cryptocurrency crackdown
What's behind China’s cryptocurrency ban?
While widely criticised for its volatility, its use in nefarious transactions and for the exorbitant use of electricity to mine it, crypto is being seen by some, particularly in the developing world, as a safe harbour during economic storms.
Chinese officials have repeatedly issued warnings to its people to stay clear of the digital asset market and have clamped down hard on mining in the country as well as currency exchanges in China and overseas.
The aftermath of this development saw some China-based exchanges move their operations to other countries while others had to close shop.
China's cryptocurrency ban: What it means for Bitcoin, Coinbase and the US
Chinese miners are packing up with no other choice at hand, though some have chosen to move to underground, off-grid power sources.
Other countries have banned the use of Bitcoin and cryptocurrencies outright with heavy penalties in place for anyone making crypto transactions.
In 2019, China's state planner in banning Bitcoin mining.
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