Express
Coindesk: Bitmain Plans To Suspend Sales In Mainland China
Summary: According to Coindesk, three sources who have spoken to Bitmain said the company plans to suspend sales to miners in mainland China following the Chinese government’s latest crypto ban. The sources all have business dealings with the mining industry. Sources said that Bitmain also plans to transfer most of its production from Shenzhen, China to ...
According to Coindesk, three sources who have spoken to Bitmain said the company plans to suspend sales to miners in mainland China following the Chinese government’s latest crypto ban.
The sources all have business dealings with the mining industry. Sources said that Bitmain also plans to transfer most of its production from Shenzhen, China to other countries to comply with the latest regulations of the Central Bank of China.
Bitmain, headquartered in Beijing, founded in 2013, is one of the world's largest Bitcoin mining manufacturers, as well as one of the first manufacturing companies to manufacture application-specific integrated circuits (ASIC), and Taiwan Semiconductor Manufacturing Co. (TSMC) is its supplier of computer chips.
By Mary Liu
Tags: Bitcoin,Bitmain,China,Mining,Regulation
Link: Coindesk: Bitmain Plans To Suspend Sales In Mainland China [Copy]
