Why cryptocomunity is in red alarm ?
1: Korean exchange got removed from CoinmarketCap
2: China wants to stop Bitcoin mining again
3: Microsoft stop accepting Bitcoin
Bitcoin mining could be on its last legs in China.
The country’s top internet-finance regulator, the Leading Group of Internet Financial Risks Remediation, issued a notice asking local governments to “guide” bitcoin-mining operations to make an “orderly exit” from the business, according to a leaked document online. Citing government sources, Bloomberg and Reuters earlier reported that China is planning to limit electricity supply to bitcoin miners.
“Currently, there are some so-called ‘mining’ enterprises that produce ‘virtual currencies.’ They have consumed huge amounts of resources and stoked speculation of ‘virtual currencies,’” according to the document dated Jan. 2.
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