On Friday, the cryptocurrency community discussed a report stemming from China’s 51st meeting of the Central Financial and Economic Affairs Commission that reiterated warnings about bitcoin mining. The following Sunday, reports disclosed the cryptocurrency operation Huobi has suspended its cloud-mining operations and other crypto services to customers in mainland China. Rumors of China and Bitcoin’s Uneasy Relationship Continue It was said on many occasions in 2017 that bitcoin ( BTC ) was resilient to negative news from China, after the tumultuous year of bad news from China back in 2013. 2021 has been a whole lot different, and it seems the policy of the Chinese government toward cryptocurrency, in general, and the mining industry is still meaningful to a lot of people. After the news on Friday , two days later, reports tied to the cryptocurrency companies Huobi and Okex has crypto proponents discussing China once again. Images shared by the local Chinese journalist Wu Blockcha
Official Bitcoin Latest News Blog 🗞️