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Why did China ban bitcoin mining? A few leading theories

April 25, 2022
Source: world-today-news.com world-today-news.com
News Snapshot:
In 2021, the biggest news in the digital currency world came from China when the country banned bitcoin mining. Then came the news that bitcoin’s price was not affected by its price and it even gave ammunition to the naysayers as they believe governments will ban bitcoin. On the contrary, we heard that the network is growing despite the hurdles created by the hash rate found in record time. It was achieved with the help of decentralization, but a big question that remains at the top is why the country banned mining? There are several theories about this. We will...
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Tags: ban | bitcoin | blockchain | Bloomberg | boycott | California | cash | China | crypto | currency | digital | energy | fintech | Founder | government | green | green energy | IT | legal | media | Renminbi | Silicon Valley | technology | website | Yuan

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