Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on November 17, 2021, 07:00:22 AM

Title: China warns state-owned enterprises to cease involvement in Bitcoin mining
Post by: newshunter on November 17, 2021, 07:00:22 AM
China warns state-owned enterprises to cease involvement in Bitcoin mining

China is considering imposing harsh penalties on state-owned firms that continue mining cryptocurrencies.


Source: China warns state-owned enterprises to cease involvement in Bitcoin mining (https://cointelegraph.com/news/china-warns-state-owned-enterprises-to-cease-involvement-in-bitcoin-mining)

Would appreciate your opinion about this
Title: Re: China warns state-owned enterprises to cease involvement in Bitcoin mining
Post by: trofim21 on November 17, 2021, 07:52:11 PM
The Republic of China has repeatedly banned activities with cryptocurrency, but the market has not strongly reacted to this, I think that the authorities will lose in the long term and will be forced to recognize bitcoin and cryptocurrencies
Title: Re: China warns state-owned enterprises to cease involvement in Bitcoin mining
Post by: TomPluz on November 18, 2021, 05:47:08 AM


Oh common, China again...and again and again? When will this China thing stop popping out of the news and why can't these state-owned firms stop whatever they are doing with mining? That just means that that there remains those who are not really afraid of the central government of China and still defying the orders not to be involved with mining no matter how lucrative it has become.