China Shuts Down Cryptomining Operators, Issues New Restrictions

China is single-handedly undermining the crypto market as it forced widespread closures of mining operations across the country, leading to a decline in the network hashrate for both Bitcoin and Ethereum. The People's Bank of China has issued new restrictions preventing banks from offering services that facilitate transactions involving cryptocurrencies.

China Shuts Down Cryptomining Operators, Issues New Restrictions

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