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25 November 2020

OCC's Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away | Mining Bitcoin News

OCC's Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away | Mining Bitcoin News


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OCC's Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away.

currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power.

The report adds that “74% of miners surveyed said the payment of electricity bills has been greatly affected.” Many believe this crackdown will accelerate the migration of miners from China to countries like Kazakhstan and the U.S., therefore undercutting Brooks’ assertions

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