Cryptocurrency

Blockchain Focused Companies Leaving China

BTC. TOP is known for being in the cohort of the most valuable Bitcoin (BTC) mining pools in the world. The company has 2% of the Bitcoin hashrate in the last year. He was responsible for 3.

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BTC. According to the post of TOP CEO Jiang Zhuoer, 90% of mining centers in China have been closed. All large companies had to cease their operations.

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https://twitter. com/JiangZhuoer/status/1413413732923977729

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According to Zhuoer, Huobi Global has taken all of its managers and employees abroad in the country. OKCoin, the company behind the crypto exchange OKEx, also took its place in the middle of the giant companies that ended their activities in China.

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Restrictions Will Increase

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As a result, all blockchain companies in China have been wiped out. Even if companies move their hardware infrastructure abroad, it is impossible for them to operate normally inside China.

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Anti-Bitcoin activities in the country have targeted not only companies but also average all traders. Chinese traders no longer have access to Binance, the world’s most recognizable cryptocurrency exchange.

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