China has restricted cryptocurrency mining fearing a disruption in the national payment system at a time when the digital yuan is experimentally introduced into the national economy.
In May–June 2021, China—allegedly to preserve financial stability—banned mining ...
... $500 million and $1 billion a year or more and may be involved in illegal activities such as counterfeiting $100 notes, producing medicines to be illegally sold abroad and defrauding international insurance. The bureau has shown a growing interest in cryptocurrency as a means of maximizing revenue while remaining within the law. Nonetheless, acquiring Bitcoin or another crypto is not simple, and you still have to buy them with US dollars, Euros, or any other internationally recognized currency, which ...