Is there still a way out for the domestic cryptocurrency industry?
As one wave settles, another rises. According to data from various platforms on the 14th and 15th, a large number of mining sites in the country have been shut down, with about 500,000 mining machines offline.
Essentially, this is a further crackdown on the virtual currency industry in the country.
It can be said that this clearance has completely withdrawn us from the global mining capacity competition, and it can also be said that the era of strict regulation and severe crackdowns in the domestic cryptocurrency industry officially begins with this cleanup.
The clearing of the cryptocurrency industry has already started, and any behavior that ignores legal red lines and policy bottom lines will pay a heavy price.
Compliance is no longer a matter of choice, but the lifeline of the cryptocurrency industry. This is both a necessary legal requirement and an objective law of development for the domestic cryptocurrency market.