Bitcoin mining has not been banned in China, contrary to popular belief. Despite some regulations and restrictions imposed by the Chinese government on cryptocurrency trading and initial coin offerings (ICOs), there is no nationwide ban on bitcoin mining.
While some regions in China have implemented measures to crack down on bitcoin mining due to concerns about energy consumption and environmental impact, mining activities are still legal in many other parts of the country. In fact, China remains a major player in the global bitcoin mining industry, with a significant share of the world’s mining operations located within its borders.
It is important to note that the regulatory environment for bitcoin mining in China is constantly evolving, and miners need to stay informed about any changes or updates in government policies. Overall, bitcoin mining has not been banned in China, and miners continue to operate in the country, contributing to the global network that supports the cryptocurrency.