Bitcoin mining ban

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Market Recap - 2.9.24
The partial ban comes as upstate New York has become attractive to companies that mine digital currencies, including Bitcoin. The region has an. In the summer of , the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and. New research shows that China's Bitcoin ban has sent the process of creating new coins, known as mining, to countries where it uses far less.

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New York Gov. More importantly, this decision will eliminate critical union jobs and further disenfranchise financial access to the many underbanked populations living in the Empire State," Boring previously told CNBC. Is this cause for alarm?