I've invested into viabtc cloud mining, haven't gotten any such news from there yet. As far as I've understood, only bitcoin exchanges on mainland China is affected, mining operations should be unaffected. However, I suppose that once it's impossible to sell bitcoins directly for yuans, it will be more difficult for Chinese mining operations to cover their electricity bills.
You are viewing a single comment's thread from:
Yes, No matter how small it is, an extra step will weed out a lot of the casual investors. Which is good and bad for Bitcoin, good because more experienced and passionate people will trade Bitcoin, but bad because it will narrow down the amount of people willing to trade Bitcoin.