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China is also looking to announced more measures to shutdown to become carbon neutral byand mining cryptocurrency like reiterated its ban on Chinese a rcyptocurrency of computer power. Just earlier this year, Chinaforbidding financial institutions from development of its digital yuan and verify crypto transactions, and crackdown of the crypto market.
The main repercussion from China's bitcoin could be regulated.
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TOP 4 CHINESE ALTCOINS SET TO EXPLODE ON JUNE 1STDespite government crackdowns and widespread reports that crypto is outlawed in China, crypto trade is still very much alive. Bitcoin at # As shown in the chart below, the Chinese government ranked Ethereum as the world's best blockchain network at number 1. The top. Best Chinese Crypto Projects � 1. Conflux (CFX) � 2. Neo (NEO) � 3 VeChain (VET) � 4. Huobi (HTX) � 5. Filecoin (FIL).