As the Chinese government has seeming decided to ban or at least temporarily halt all trading of cryptocurrencies, many Chinese investors and businesses have begun to leave the Communist government and have found protective “shelter” in nearby Hong Kong and also Japan. We also take a look at the current state of Venezuela and how that particular government is choosing to deal with cryptocurrency, specifically Bitcoin and Ethereum mining rigs. Finally, we will take a look at how these recent moves are playing into the overall movement and what might be expected in the coming months. Very interesting times, to say the least. “China orders Bitcoin exchanges in capital city to close.” “China tightens cryptocurrency ban with new directiv
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