Why China Is Cracking Down on Cryptocurrencies❔- 📺

in #china6 years ago (edited)

➢What exactly is China doing?
A series of measures are being taken in China to discourage bitcoin mining and bitcoin use/trade.

China hosts the world's biggest community of bitcoin miners. But that might be changing after a crackdown on crypto currencies.

➢Why China Is Cracking Down?
It's all about risk.

➢Is China anti-cryptocurrency?
Hardly. It's all about being in control

➢What impact has China had?
Miners had flocked to China to mine Bitcoin because of low costs and labor. But now, miners might move to another place.

🎯👍Have a GREAT 2018!🙌

See also,

📺Playlist 📊 Bitcoin mining strategy & investing 2018:
https://www.youtube.com/playlist?list=PL1hSCkD3Iewj_22El3nOUThCLA6DstYxU

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I believe that China is concerned with the outflow of funds to overseas crypto exchanges

I see a big miner community being built in canada.

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