As popular medias have reported, the Government of Peoples Republic of China , intends to ban on the cryptocurrency mining industry in the upcoming months. Some Popular analysts have stated that the decrease of miners in China could lead to a bitcoin price surge due to a decrease in supply.
According to Media personell, it is not so clear that the government will ban cryptocurrency mining and bitcoin mining in the upcoming months, because it is very difficult to do so through strict regulations and policies. But, the government has collaborated with local electricity grid operators to provide a more challenging ecosystem for miners. Meanwhile, the government is trying to push miners out of the local industry.
In India also the government is very soon to take steps on Bitcoin miners.
