Cryptocurrencies
China Crypto Miners Plot Their Next Moves to Evade Crackdown
- Many of the nation’s miners are trying to stay in crypto
- Chengdu forum attendees seek alternative digital assets
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The title of the forum was arcane even by cryptocurrency standards: Web 3.0 Blockchain Application Cum Computing Power Overseas and Distributed Storage Conference.
But attendees of the event in Chengdu, China, were clear about why they turned up in the middle of a government crackdown on Bitcoin mining. They’re looking for ways to stay in crypto, even if it means testing their luck in lesser-known parts of the ecosystem that may or may not incur the wrath of Beijing.