China appears ready to declare victory in its war with crypto miners – and could be prepared to issue a coup de grace in a bid to banish Bitcoin (BTC) mining from its shores once and for all.
Per a report from the Economic Times – republished by the People’s Daily, the mouthpiece of the Chinese state – many miners are taking a “wait-and-see” approach, and are not yet moving abroad to continue their operations.
However, the report’s author claimed that the “loose” regulatory networks of nations like Canada, Russia, and Kazakhstan were proving increasingly attractive to many.
And commenters warned that the crackdown on crypto is far from done yet. Despite the recent de facto ban on industrial mining in a number of traditional hotspots and a banking and e-payment sector crackdown, Beijing may be planning new measures. Read more from Crypto News.