Bitcoin mining set to wane in China as green concerns and financial risks see Beijing ramp up the pressure

Source: South China Morning PostChina’s place at the centre of global bitcoin mining is fading as Beijing ramps up the pressure on heavy energy-use practices amid growing green ambitions and rising concerns over the financial risks posed by cryptocurrencies, according to experts.“We are seeing the cryptocurrency market enter a path to ‘de-China-isation’ – first on trading and now on computing power, based on a series of stronger steps taken against cryptocurrencies and bitcoin mining last week by Beijing,” said Wang Juan,…Read More

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