How the market has evolved after China attacks the use of cryptocurrencies
In addition to China's blanket ban on cryptocurrency trading, the company has attributed the move to stop shipping Bitcoin (BTC) and cryptocurrency mining equipment in response to China's carbon neutral policies. According to Bitmain's announcement:
"As of October 11, 2021, Antminer will no longer be shipped to mainland China. For mainland Chinese customers who have purchased long-lasting products, our staff will contact them to offer alternative solutions."
While the company has yet to reveal its plan to help existing customers in China, Bitmain will continue to supply Antminer cryptocurrency mining equipment to users around the world, including those in Taiwan and Hong Kong.
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