Crypto exchange MEXC Global to ‘retire’ Mainland China user accounts
ambcrypto.comIt took just over three months for Bitcoin miners to disappear from China. New data from researchers at the University of Cambridge revealed the swift impact of Beijing’s crackdown on cryptocurrency mining.
Cambridge Centre for Alternative Finance (CCAF) found that by the end of August 2021, the percentage of Bitcoin mining taking place in China had ‘effectively dropped to zero.’
Source: ccaf.io
The aforementioned graph highlights the same. Clearly, the massive yellow dominance got erased around August.
Following the exit of miners from China, the country’s policies have have also compelled crypto exchanges, business and other crypto related activity to curb or exit.
MEXC, the largest altcoin exchange in the Chinese region, announced that it has
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