Monday, January 08, 2018

After a few relatively quiet days of cryptocurrency news, you can thank China for once again spicing things up.

And helping to put crypto assets on sale...

From the above-linked article:

"China is reportedly seeking an "orderly exit" from bitcoin mining, according to a leaked document seen by Quartz. The nation's internet finance regulator is asking local governments to strongly encourage firms to quit the business by jacking up power prices and and issuing stronger environmental rules. The government is reportedly concerned about pollution and the havoc that could be triggered by investors who lose money investing in mining and cryptocurrency."

I figured this was coming at some point, and it's why I've thought for a while now that Iceland is the future of crypto mining operations. Geothermal energy and a naturally cold climate; it's almost like crypto was made for Iceland.

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