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Does China Control Bitcoin and Ethereum?

Does China Control Bitcoin and Ethereum? | Finance Magnates

China’s relationship with Bitcoin has long been complicated. Prior to the set of sweeping bans that the government place on the industry in late 2017, the country stood as the nation with the highest BTC trading volume in the world; since the bans-which shut down domestic cryptocurrency exchanges and ended domestic ICOs, among other things-the country has still played a crucial role on the Bitcoin network in the form of hash power.