TLDR
The People's Bank of China slapped a ban on banks handling bitcoin transactions in December 2013. At present, anywhere between 50–65% of global bitcoin mining is performed in the country. China has ordered banks and payments platforms to stop supporting digital currency transactions, with directives also issued to halt bitcoin mining in Sichuan. Bit Mining, a publicly-listed Chinese mining firm, has dispatched 2,600 rigs to Kazakhstan. The company has also started investing in mining facilities in Texas, where fossil fuels and wind power is abundant.via the TL;DR App
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Written by rubenmerre | CEO @NGRAVE, Pioneering and perfecting digital protection, so that YOU can take true ownership of what is YOURs!
