Why cryptocurrency mining is a challenge in India ...Middle East

Quartz - Economy

China’s crackdown on cryptocurrency mining could have been an opportunity for electronic currency enthusiasts in India. But a lack of basic infrastructure and policies could be preventing them from being too optimistic.Since May, China has been clamping down on cryptocurrency mining in an attempt to reduce carbon emissions, prevent money laundering, and maintain financial stability. The country has banned banks and payment companies from providing services to digital coin transactions, arrested several people engaged in cryptocurrency dealings, and suspended crypto-related accounts on Weibo.This crackdown has led to an exodus of bitcoin miners from China, which accounts for around 70% of the

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Last updated : 12 July 2021 clock 09:45 AM

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Why cryptocurrency mining is a challenge in India ...Middle East

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