China finally cracking down on cryptocurrencies
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China’s private cryptocurrency sector effectively quashed after Sichuan mining ban, bank trading blocks – The China Project
https://supchina.com/2021/06/21/chinas-private-cryptocurrency-sector-effectively-quashed-after-sichuan-mining-ban-bank-trading-blocks/
China’s crackdown on cryptocurrency mining has now shut down more than 90% of the country’s bitcoin production capacity, after a ban on mining in hydropower-rich Sichuan was put in place over the weekend. Additionally, the central bank moved to close remaining loopholes that allowed “cryptocurrency speculation.”
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