Cryptocurrency mining has always attracted controversy. This is primarily because so many people only see the negative side in terms of electricity usage. China is slowly ending all ‘unofficial’ domestic Bitcoin mining operations, and the territory of Xinjiang Uyghur is the latest to be affected.
Removing Illegal Bitcoin Mining Firms From China
It is evident China is a very intriguing country when it comes to Bitcoin and cryptocurrencies. The country has taken major steps toward ending the trading of Bitcoin against the Chinese yuan. That effort, enforced by the PBoC, has been in place for quite some time now. It seems highly unlikely this trend will ever be reversed.