- Two of China's largest
- Bitmain, which runs two exchanges, has set up a regional office in Singapore, as well as mining operations in the US and Canada, CEO Wu Jihan told the news channel in an interview. News of the impending crackdown was first reported Wednesday.
- China
- The policy shift could drastically affect the bitcoin mining landscape, which is already struggling with transaction times that can exceed 10 minutes.
- The
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Bitcoin miners are reportedly fleeing China because it is cracking down on cryptocurrencies
Beijing cracked down on ICO's and exchanges last year. China had initially been popular for cryptocurrency mining because of cheap energy costs.
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