Why The Crypto Industry Was Exported Out Of China

The Chinese government has long tried to stamp out cryptocurrencies in the country with varying levels of success. In 2021, a ban on mining finally sent firms packing and seeking countries like Kazakhstan with friendlier stances toward crypto mining. They've also found homes in towns all over the US, where companies are encountering both support and criticism from locals, as well as politicians at the state and federal levels. Will Bitcoin be regulated in the States, and how should our leaders approach it? Help keep VICE News’ fearless reporting free for millions by making a one time or ongoing contribution here. - https://bit.ly/3oRyDu8 Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News Check out VICE News for more: https://bit.ly/2HR9kGq Follow VICE News here: Facebook: https://bit.ly/36oafb0 Twitter: https://twitter.com/vicenews Tumblr: https://bit.ly/33xksQy Instagram: https://bit.ly/2VvVaxT More videos from the VICE network: https://bit.ly/3fWNVrZ #VICENews #News