Bitcoin Mining Back in China after Ban

Bitcoin Mining Back in China after Ban

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  1. Chinas model of regional economic development has consisted in some part of developing power generation to attract industry- of ten generation capacity is built before the industry develops. Therefore ideal opportunity for mining.

    Hard to imagine China could not shut down but maybe local officials turn a blind eye.

    There is a tension between local government and central Chinese government.

    Central Chinese government is determined to internationalise the Yuan and challenge the USD therefore seeks to bank Bitcoin knowing Bitcoin has advantages and digital Yuan-DCEP would not do well if faced with open competition.

What do you think?

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