Mining Machine Manufacturer Bitmain to Suspend Operations in China
To abide by the latest mandates on crypto issued by China’s Central bank, Bitmain will relocate its production out of Shenzhen.
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To abide by the latest mandates on crypto issued by China’s Central bank, Bitmain will relocate its production out of Shenzhen.
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The comparison was drawn by the senior economist and market strategist at the bank – Marion Laboure.
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While the ban still prevails, crypto users in China can, however, access the sites via virtual private networks or VPN.
The regulatory climate in Asia has been heated up in recent times with South Korea, and China dishing out rules that have forced crypto trading platforms to shift their operational base from the nations.