There is a lot of collaborative evidence: https://news.bitcoin.com/65-of-global-bitcoin-hashrate-concentrated-in-china/ https://news.bitcoin.com/65-of-global-b

There is a lot of collaborative evidence: https://news.bitcoin.com/65-of-global-bitcoin-hashrate-concentrated-in-china/ https://news.bitcoin.com/65-of-global-bitcoin-hashrate-conce... https://www.forbes.com/sites/rogerhuang/2021/12/29/the-chinese-mining-centralization-of-bitcoin-and-ethereum/ https://www.forbes.com/sites/rogerhuang/2021/12/29/the-chine... And more direct proof: https://asia.nikkei.com/Spotlight/Caixin/How-illegal-online-gambling-launders-150bn-from-China https://asia.nikkei.com/Spotlight/Caixin/How-illegal-online-... https://www.thehindu.com/news/national/ed-arrests-cryptocurrency-trader-in-online-betting-case/article33311311.ece https://www.thehindu.com/news/national/ed-arrests-cryptocurr... https://www.forbes.com/sites/bryanrich/2019/05/14/bitcoin-is-all-about-chinese-capital-flight/ https://www.forbes.com/sites/bryanrich/2019/05/14/bitcoin-is... -------- From what I understand, there's two reasons Bitcoin money is popular in China. 1. Corrupt oligarchs with access to subsidized electricity can setup mining farms and basically print money. 2. Corrupt oligarchs with their money stuck in China can setup clandestine mining farms, and thereby exchange their yuans -> electricity/equipment -> BTC -> Vancouver/Sydney/London/...etc apartments.