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China is blocking Bitcoin farms and cryptocurrencies are being advertised for Euro2020
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China is blocking Bitcoin farms and cryptocurrencies are being advertised for Euro2020

created Michał SielskiJune 23 2021

While the Chinese are doing their best to ensure that the only cryptocurrency in their country is the government-controlled digital yuan, cryptocurrencies are again encroaching on thatch. And it is literally. During the match of the European football championship, a woman who advertised cryptocurrencies burst onto the pitch.

euro 2020 woman crypto wtf coin

The woman who stormed the field. Source: thesun.co.uk

It was the second half of the match between Belgium and Finland for Euro 2020 (the championship is taking place now, postponed due to the coronavirus pandemic, but the name of the event has not been changed). There was no foul, offside or out, and the referee stopped the action with a firm whistle. It turned out that an attractive young lady had broken through to a football field in St. Surprised security guards did not manage to stop her.

The woman was dressed in short shorts and tight bodysuits (this is a novelty, because more often uninvited guests appeared on the topless pitch ...). According to the British boulevard "The Sun", the woman was supposed to advertise cryptocurrencies, but she did not manage to do much, because the producer immediately switched the camera to a different set and the wider audience saw only for a moment the security guards covering the smiling woman with a blanket and bringing her from the pitch. 

China continues to plague cryptocurrencies

It is not a laugh for the holders of cryptocurrencies, the prices of which are falling after further reports from China. Over 90% of China's production capacity was abruptly halted last weekend. The Chinese are practically already they don't mine Bitcoinsbut they are digging in Bitcoin. 

Most of the mines have been closed in recent days BTC in southwestern Sichuan. This was reported by the Global Times newspaper, which was issued in China. This immediately resulted in a decrease in the BTC price of 8%, which translated into the entire market. Even though the weekend started to make up for the losses, the facts are that 26 "suspicious projects" were closed by the Sichuan Development and Reform Commission and the Sichuan Energy Bureau.

Now the state-owned energy companies in Sichuan will conduct an inspection. They are also to stop providing electricity to cryptocurrency mining companies immediately.

Chinese banking giant: you either give up cryptocurrencies or close your accounts

He also joined the offensive Chinese Agricultural Bankwhich belongs to the so-called The "Big Four" of Chinese banks. It has 320 million customers and over 24 thousand. branches. According to Forbes is one of the most important institutions in the world responsible for the stability of the global financial system. 

The bank sent a clear message to its clients that anyone using cryptocurrencies will have a closed account, even if they do not use it for transactions with them. Moreover, each suspicious activity is to be reported to state authorities, which - as you know - in China almost never ends with a reprimand.

Action called by some Bitcoin Equalizer, has a clear purpose: China is fighting to take over the cryptocurrency marketbut not already existing, such as Bitcoin, Ethereum or Link. And this despite the fact that some of the largest projects were created and are still being developed in China. The Middle Kingdom did, however digital yuanwhich is already entering the market and it is he who is to be not only the most important, but even the only cryptocurrency used in China. E-yuan is supposed to be a challenge even for the American dollar. USD is the only currency that can be paid practically anywhere in China. This is where the digital yuan, which is already a legal tender in some parts of China, is to enter. It can even be exchanged at ATMs for traditional currency. Of course, at the ATMs of state-owned banks, which in Beijing have the logo of ... the Chinese Agricultural Bank.

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About the Author
Michał Sielski
Professional journalist for over 20 years. He worked, among others, in Gazeta Wyborcza, recently associated with the largest regional portal - Trojmiasto.pl. He has been present on the financial market for 18 years, he started on the Warsaw Stock Exchange when the shares of PKN Orlen and TP SA were just being introduced to the market. Recently, his investment focus has been exclusively on the Forex market. Privately, he is a parachutist, a lover of Polish mountains and a Polish karate champion.