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Yep. And China has done exactly that in the past when people were using crypto to launder RMB into USD. The fact that mining operations still exist today at la
by jabbany 6y ago
Yep. And China has done exactly that in the past when people were using crypto to launder RMB into USD.
The fact that mining operations still exist today at large scales in China means that at least the government has found a way to profit off of crypto (strategically or economically).
- matkoniecz 6y ago> The fact that mining operations still exist today at large scales in China means that at least the government has found a way to profit off of crypto (strategically or economically). Or government do not really care. If it is officially discouraged/illegal: it also means that officials are happy to take bribes.
- jabbany 6y agoYeah. It's also very likely that in some cases only the local government benefits (bribes etc.) rather than necessarily the central/federal government.