China’s crypto-miners look abroad as regulators tighten noose ...Middle East

Daily Sun - News
China’s crypto-miners look abroad as regulators tighten noose
BEIJING: When a prefecture in northwestern China’s Xinjiang region ordered a halt on cryptocurrency mining projects this month, Chris Zhu scrambled to move clients’ machines southward, spending over a week reassembling in Sichuan.But after the shift, he received another notice — authorities in southwestern Sichuan were also putting a stop to the industry, in a turbulent year that has lost his company millions.“We’re thinking of ways to go abroad,“ said Zhu, whose company handles the maintenance of mining machines.He is among businessmen and miners now planning to seek their fortunes overseas — in countries ranging from the United States to Kazakhstan — as Beijing tightens the screws on the i

Hence then, the article about china s crypto miners look abroad as regulators tighten noose was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( China’s crypto-miners look abroad as regulators tighten noose )

Apple Storegoogle play

Last updated :

Also on site :