Crypto News 

Chinese Crackdown on Bitcoin Mining Could Send Companies to Canada

“Rumors of a Chinese crypto mining ban have been circulating of late, and may have reached their peak in recent days” reports Initial pressure was placed on exchanges and companies conducting ICOs, and is now spreading to mining operations within the country.Some mining companies have already shut down their operations, and others have moved to alternative locations around the world.Canadian public utility company Hydro Quebec, has been attempting to lure various mining companies to the area, on the grounds of low cost energy supply, and lenient government policies pertaining to crypto mining practices.If and when mining will be outlawed within Chinese territory has yet to be confirmed, but recent indications show that the groundwork for such a move is already taking place.

Share This:

Related posts