China Clamps down on Crypto(Is this even news at this point?) (4/6)

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Big shocker here: The Red State bans bitcoin for the 1000th time. Various cryptocurrency farms across China were shut down as authorities stated that the cryptocurrency ‘disturbs the economic order facilitates illegal asset transfers and money laundering’.

The state also went on to blame crypto miners for energy waste and a disturbance to the countries mission to reduce carbon emissions.

In October, the United States surpassed China as the largest hub for Bitcoin mining and operations. It led to a an infrastructure boom in North America, Europe, and Russia, and Central Asia.

Written by Writers Room


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