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Not Accidental China’s U-Turn On Bitcoin Mining Might Fuel Competition

Not Accidental China’s U-Turn On Bitcoin Mining Might Fuel Competition

Changes in China’s Bitcoin (BTC) mining policy are not accidental, and competition in the global mining sector might become more intense, says an analyst at Beijing-based token data and rating agency TokenInsight. Moreover, the recent major crypto move by Hong Kong might also increase competition in the local cryptocurrency trading market, he added.