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Chinese Cryptocurrency Mining Ban Might Be Tied to Arrest of This Person

November 14, 2021
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
The crackdown on the multi-billion industry could have been reason for dispute between the two companies The Chinese State Supervisory Commission previously began an investigation into violations of Chinese law by the former party member and vice-chairman of the Provincial Committee, which led to the discovery of the dispute that could have led to a crackdown on the mining industry in the country. According to the initiated investigation, the former vice-chairman abused his powers to support companies related to digital assets and illegal financial activities, including bribery. Additionally, a former Chinese official was part of the largest known dispute between...
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Tags: ban | bitcoin | blockchain | boycott | bribery | chairman | Chinese | commission | crackdown | crypto | cryptocurrency | currency | digital | finance | financial | fintech | government | illegal | law | LED | litigation | regulation

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