Bitcoin and the entire crypto market received what can easily be perceived as bad news initially, as China is looking to make another significant play soon: Banning Bitcoin mining in the country. However, there’s also a silver lining in China’s renewed effort to regulate cryptocurrencies.
If there’s one thing that China, or any other country, can’t really do about Bitcoin and other digital currencies, it’s regulate them. But China can ban crypto businesses that don’t play by its own rules, including farms that mine Bitcoin.
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China’s plan to ban Bitcoin mining might actually be good news for the crypto market originally appeared on BGR.com on Tue, 9 Apr 2019 at 13:16:24 EDT. Please see our terms for use of feeds.
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