Reports continue to emerge that suggest China will place a squeeze on bitcoin miners as part of its wider crackdown on cryptocurrency trading. As sister-site CCN has reported, Chinese regulators have steadily closed the net around the country’s cryptocurrency ecosystem. The saga began when the People’s Bank of China (PBoC) ruled that initial coin offerings (ICOs) were illegal. Within a week, bitcoin exchanges began to announce their “voluntary” closures, citing the ICO ruling. Exchange shareholders and executives have allegedly been warned not to leave the country while investigators “clean-up” the now-illegal crypto marketplace. Finally, reports surfaced indicating that Beijing officials […]
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