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Crypto mining contract declared void by Beijing Court

News Snapshot:

– Crypto mining contract is declared void as crypto transactions continue to remain illegal in China – US has taken the top hub spot for crypto but continues to draw flak due to regulations – It is the first time mining contracts have been declared void in Beijing As crypto financial backers generally know, China has proclaimed all digital money exchanges unlawful and prohibited crypto mining exercises. Of late, a court choice further reasserted the public authority’s disposition to smother any bitcoin mining action conceivable. On December 15, the court of Beijing’s Chaoyang District heard an agreement disagreement regarding deferred…

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