BTC.TOP is known for being in the cohort of the most important Bitcoin (BTC) mining pools in the world. The company was responsible for 2.3% of the Bitcoin hashrate over the past year.
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According to a post by BTC.TOP CEO Jiang Zhuoer, 90% of mining centers in China have been shut down. All large companies had to cease their operations.
According to Zhuoer, Huobi Global has taken all of its managers and employees abroad from the country. OKCoin, the company behind the cryptocurrency exchange OKEx, has also taken its place among the giant companies that have terminated their activities in China.
Restrictions Will Increase
As a result, all blockchain companies in China have been wiped out. Even if companies move their hardware infrastructure abroad, it is impossible for them to operate normally inside China.
Anti-Bitcoin activities in the country have targeted not only companies but also the average all traders. Chinese traders no longer have access to Binance, the world’s most popular cryptocurrency exchange.