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China Bans Crypto – How the Chinese Government Is Going About Deterring Bitcoin Mining in Inner Mongolia

News Snapshot:

If you’re not familiar with the China ban on crypto, it’s an attempt by the country’s regulators to gain more control over economic activity. The country is trying to combat Capital Flight and illicit transactions while creating a sovereign digital currency. It’s easy to see why they’d want to restrict crypto, but they’re also doing it for the wrong reasons. This article will discuss how China’s government is going about deterring Bitcoin mining in Inner Mongolia.

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