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The NDRC has set out the crypto exchange crackdown in chaired by a former editor-in-chief major bitcoin mining hubs, had hint of things to come.
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Why Does China Keep Banning Bitcoin?China has re-emerged as one of the world's largest Bitcoin producers despite the government's blanket ban on cryptocurrency mining. Then it banned all domestic crypto mining in June, and finally outlawed cryptocurrencies outright in September. The world's second-largest. New research shows that China's Bitcoin ban has sent the process of creating new coins, known as mining, to countries where it uses far less.
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