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How Binance Melted Down in Less Than a Year - WSJ What Went WrongThen it banned all domestic crypto mining in June, and finally outlawed cryptocurrencies outright in September. The world's second-largest. A mining executive told CoinDesk that China's ban on crypto mining was a "trillion-dollar present" to the US. This view was mirrored by Michael. China bans banks from crypto transactions. China's hostile stance regarding crypto dates back to Dec. 5, , when the People's Bank of.
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