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


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.
Those of us from China, who know how the country’s government operates, are highly skeptical—and not just because we haven’t seen any serious media coverage of this. 
But it’s still interesting to look at how this misunderstanding arose. 

China seeking public solicitation of comments regarding un-banning crypto mining License.

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Fonte: bitrss.com

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