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The Crackdown on Bitcoin Mining
。Impact on the Global Cryptocurrency Market
。結論
<h2>The Crackdown on Bitcoin Mining</h2>。<p>China's central bank, the People's Bank of China, has been developing a digital yuan, a central bank digital currency (CBDC), since 2014. The digital yuan aims to replace physical cash and reduce the costs of printing and circulating money. Additionally, it is seen as a tool to monitor and regulate payments, particularly in the shadow banking sector. The development of the digital yuan has also created competition with Bitcoin, as it offers a similar decentralized mode of payments while being regulated by the government.</p>
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