The Chinese government has been attempting to eradicate cryptocurrencies in the country for quite some time, with varied degrees of success.
In 2021, restrictions on mining eventually drove firms out of the country, relocating to nations such as Kazakhstan, who have more favorable policies toward cryptocurrency mining. A number of towns around the United States have welcomed them, with both support and condemnation coming from residents
Video Courtesy of Motherboard / Cryptoland
Video Courtesy of Motherboard / Cryptoland
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