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FinTecBuzz

U.S. Based Crypto Miners Reap the Benefits

Crypto Currencies

U.S. Based Crypto Miners Reap the Benefits

September 28, 202114 min

The Chinese government’s crackdown on cryptocurrencies is once again in the news. According to CNN, Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business activities are illegal and promised to punish illicit activities involving digital currencies. The first stages of the crackdown have already caused many crypto miners to leave China and set up operations elsewhere. In fact, Texas seems to be one of such desired...

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