CHINA BANS BITCOIN MINING? RUMORS FLY AS NOTICES APPEAR IN PRESS

in #busy8 years ago

A translated notice of this declares the ban uploaded by 8 BTC and has been translated into Twitter's states. On getting this notice, Bitcoin closes the supply power immediately to mining businesses. The electricity supplier in Szechuan province had said that bitcoin mining is now [illegal]. This is evidence on Twitter that has been added to an article from the local news outlet Caixing today.

source - http://bitcoinist.com/china-bans-bitcoin-mining-rumors/

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they think they can establish there own blockchain tech without any competition- oh ya the communist way! ;)

Move to create their own cryptocurrency, like Baidu is more used then google.