Hey! Have u heard that "PBoC governor Pan Gongsheng has suggested the Chinese government to shutdown OTC platforms and exchanges within mainland China to ensure that cryptocurrency trading ban is strictly enforced"? What is gonna happen ? Will we see the redistribution of mining power or China will not be able to realize it?
Read your own post - no talk about "mining" in there at all.
I read many news and there are a lot of bulshit like that. Moreover, the main idea of these conversation is that I am interested in situations. What do u all think gonna happen in nearest Future in China?
It would appear, based on REPUTABLE quotes, that China intends to get serious about regulating exchanges in an attempt to restrict or stop "capitol flight", but they don't care about mining itself except where it is getting major breaks on pricing from areas that used to have electric shortages - they HAVE said they intend to eliminate sweetheart deals in such cases.
I suspect they LIKE Bitmain for pulling a lot of external capitol INTO the country - but dislike how much of that Bitmain is using to pay for their chips to TSMC.
Thank you a lot, I am just a newbie, so really appreciate when people share their knowledge. Hope, I will be able to analyze things properly myself soon.
