bitcoin

Heavyweight bitcoin mining pool ban traffic from Mainland China

In response to China’s stiff stand against cryptocurrency and related activities, the world’s largest bitcoin mining pool by hash rate, Antpool, has blocked internet traffic from mainland China to its platform.

Antpool says it has no intent to “establish an operating entity” in China after its spin-off from Bitman earlier this year.

“The new ANTPOOL has no plans to establish an operating entity in mainland China. The mining firm said. ” Subsequently, under the leadership of new shareholders and management, is rebuilding a new business and operating team with Singapore as its headquarters.”

Bitcoin mining pool
China’s National Digital Currency DCEP (Digital Currency Electronic Payment), gold yuan coins with red flag of China background

Antpool’s latest move comes in the wake of news that officials in the Zhejiang area of China uncovered a mining rig installed in a public facility.

Following China’s crackdown on the crypto industry, mainstream crypto exchanges such as Binance, KuCoin, and Huboi have banned users from mainland China from accessing their platforms.

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About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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