Industrial cooling fans operate to thermally regulate illuminated mining rigs at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia, on March 18. The rise of bitcoin and other cryptocurrencies has prompted the greatest push yet among central banks to develop their own digital currencies. Photo: Bloomberg
Opinion
Opinion
Global cryptocurrency crackdown looms as governments enter digital currency race
- Cryptocurrencies, which threaten state control over currency circulation, have gained traction only because governments were slow to act
- With China pushing the US and Europe into action, a digital currency battle is shaping up, and cryptocurrencies will be the losers
Industrial cooling fans operate to thermally regulate illuminated mining rigs at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia, on March 18. The rise of bitcoin and other cryptocurrencies has prompted the greatest push yet among central banks to develop their own digital currencies. Photo: Bloomberg
