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<p>In 2021, China's People's Bank and Financial Stability Committee announced a major crackdown on Bitcoin mining, prompting exaggerated forecasts of total industry shutdowns.</p>
<p>Despite initial disruptions, Chinese hashrate rebounded by 2025, showing resilience and adaptation among global Bitcoin mining operations.</p>
<h2 id="china-s-global-hashrate-share-exceeds-14-by-2025">China's Global Hashrate Share Exceeds 14% by 2025</h2>
<p>The <strong>2021 China Bitcoin mining crackdown</strong> was announced by the People's Bank of China and Financial Stability and Development Committee.</p>
<p>These regulators targeted <strong>Bitcoin mining and trading</strong> to mitigate financial and environmental risks. Miners, however, relocated operations offshore. China's share of <a href="https://data.hashrateindex.com/network-data/global-hashrate-heatmap" rel="noopener noreferrer nofollow">global hashrate</a> exceeded 14% by 2025 despite <strong>ongoing enforcement efforts</strong>.</p>
<h2 id="bitcoin-hashrate-drops-miners-head-offshore">Bitcoin Hashrate Drops, Miners Head Offshore</h2>
<p>The crackdown initially led to a <strong>temporary drop in Bitcoin's hashrate</strong>. Miners accelerated migration to countries with favorable regulations, sustaining operations.</p>
<p>Projected outcomes include <strong>economic shifts and regulatory challenges</strong>. The <strong>2025 ban caused BTC prices to drop</strong> and led to substantial liquidations, indicating market sensitivity to China's policies.</p>
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 "Crack down on Bitcoin mining and trading behavior" for risk control. — <em>Financial Stability and Development Committee (FSDC)</em>
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<h2 id="illicit-mining-persists-despite-policy-pressure">Illicit Mining Persists Despite Policy Pressure</h2>
<p>China has a history of cryptocurrency bans, including ICO and Bitcoin transaction prohibitions since 2013. Each attempt resulted in activities <a href="https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/3rd-global-cryptoasset-benchmarking-study/" rel="noopener noreferrer nofollow">relocating globally</a>.</p>
<p>Experts suggest China's policies might push innovation overseas, though illicit mining <strong>continues domestically</strong>. The <strong>country's share</strong> in global hashrate implies incomplete enforcement.</p>
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    <td><em><strong>Disclaimer</strong>: This <a href="https://www.kanalcoin.com/" target="_blank" rel="noopener noreferrer nofollow"><strong>website</strong></a> provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.</em></td>
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</figure> <a href="https://www.kanalcoin.com/china-bitcoin-mining-crackdown-impact/" rel="noopener noreferrer nofollow">Read original article on kanalcoin.com</a>

China's Bitcoin Mining Crackdown Fails to Fully Curtail Activity

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