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Bitcoin: How Texas Is Becoming The Crypto Capital Of The World




  • Zhaoyin Feng
  • BBC News, Washington

Bitcoins

Image source, Reuters

Caption,

The bitcoin “miners” are urgently looking for a new center to establish their businesses.

China’s ban on cryptocurrency mining has forced bitcoin entrepreneurs to flee abroad.

Many turn now to Texas, The United States, which is fast becoming the cryptocurrency capital of the world.

When China announced a crackdown on crypto mining and bitcoin trading in May, Kevin Pan, chief executive of the Chinese cryptocurrency mining company PoolinHe took a flight the next day to leave the country.

“We decided to move once and for all and forever. We will not return,” Pan told the BBC.




TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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