**News Flash: Chinese Bitcoin Miners Still Dominate Despite Ban**

- Chinese Bitcoin miners continue to control over 55% of the global network, despite a nationwide ban on cryptocurrencies since 2021, according to CryptoQuant CEO Ki Young Ju.

- U.S. mining firms are catching up, managing 40% of the network, primarily serving institutional miners, while Chinese pools support smaller miners in Asia.

- China plans to amend its Anti-Money Laundering (AML) regulations in 2025 to include cryptocurrency transactions, aiming to curb money laundering risks.

- Bitcoin miners globally faced a tough August, with revenue dropping to $827.56 million, the lowest in a year.