Mining Pool Stops Offering its Services to Chinese Users
Main page News, China, Mining

New York-listed mining company BIT Mining Limited has announced mining pool plans to leave China and stop offering its services to local customers.

Earlier this year, BIT Mining Limited acquired the mining pool from Bitmain co-founder Jihan Wu.

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According to the company, in accordance with regulatory requirements, the structure will stop registering new users from mainland China and start deleting existing accounts from October 15. BIT Mining Limited said:

"The company plans to intensify its business expansion efforts and accelerate its global development."

The People's Bank of China (PBOC) has previously described as illegal the activities of platforms that guarantee the exchange of digital assets with each other or for fiat money.

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