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China’s Central Bank on war with Bitcoin

China's central bank says it has called for the shutdown of a company suspected of providing software services for virtual currency transactions, which was Bitcoin. In May this year, China had banned some financial institutions and payment companies from providing crypto-related services. This July almost Half of the world's bitcoin miners in China have gone dark following Beijing's call for a severe crackdown.

Fred Thiel, the CEO of Marathon Digital Holdings and a member of the Bitcoin Mining Council. Said in an interview “China’s government is doing everything they can to ensure that bitcoin and other cryptocurrencies disappear from the Chinese financial systems and economy,”.


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