China Plans to Shut Down Bitcoin mining operations, while Bank Of China Keep talking with Ripple

According to the Wall Street Journal , “Chinese authorities ordered the closing of operations that create a large share of the world’s supply of bitcoin, tightening a clampdown that has already shuttered exchanges for the trading of cryptocurrencies in China.”

According to our source based in Shenzhen, this tough stance by the Chinese government towards bitcoin can open new scenarios for the spread of XRP, or more easily for the large-scale use of software and technologies created by Ripple .

Our source has also provided us with an article written in Chinese, dating back to August, which states that a delegation from the Chinese government has visited the headquarters of four American technology companies, including Ripple. “On 23 August, the delegation visited four US financial technology companies: Prosper, Sofi, Circle and Ripple, and conducted in-depth exchanges with key executives on issues such as business modeling, technology application and financial supervision. ”

Here the link to the entire article, in the original language.

Link to The Wall Street Jouornal Article


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