Why China Finally Decided to Ban Bitcoin

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Why China Finally Decided to Ban Bitcoin
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It was a historically terrible week for crypto bros.

in the country. These new regulations go even further, and essentially amount to a wholesale ban on most every activity that allows the cryptocurrency ecosystem to function. Now, even cryptocurrency exchanges outside of the country won’t be allowed to serve people living in China.

China has in the past been a popular site for mining due to low electricity costs in areas like Inner Mongolia, but the country is currently experiencing an

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