Comment on How China Rivals Elon Musk in Rattling Crypto Markets

How China Rivals Elon Musk in Rattling Crypto Markets

Chinese regulators have long sought to tamp down risks related to the rise of Bitcoin and its peers. The cryptocurrency ethos runs counter to China’s aggressive centralized control of finance, and China is home to a large concentration of the world’s crypto miners, whose need for massive amounts of power complicates efforts to curb greenhouse-gas emissions.

 

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