Is China About to Reverse Its Bitcoin Mining Ban? Here's What's Really Going On

[Galaxy]

Rumors that China will reverse its Bitcoin mining ban are based on a misreading of the country's political system and policy goals. Today, Crypto Twitter influencers and media began circulating rumors that China was regretting its crackdown on crypto after Bitcoin surged to new all-time-highs in the past week. As has been well documented, China’s Bitcoin mining ban caused an exodus of miners out of China, which once controlled more than 50% of Bitcoin's global Bitcoin hashrate. Source