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China Forces Crypto Miners to Close Shop Causing Bitcoin Price to Plummet

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China Flag with Mining Equipment

China Flag with Mining EquipmentChina started closing down Bitcoin mining operations as it sees the crypto activities as a threat to the environment; on top of that, the decentralized network and unregulated business operations can open avenues for illegal activities. China has the most extensive crypto mining operations globally; this crackdown resulted in over 90% of these mines being

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