#BTCReboundsAfterFOMC Bitcoin mining particularly Chinas continued dominance in the sector despite a ban on cryptocurrencies in 2021. China controls 55% of the global Bitcoin mining hash rate outpacing the United States, which holds 40%. This persistence is attributed to local miners' ingenuity and the well-developed infrastructure in regions like Sichuan, which has abundant hydroelectric power.

The article also hints at potential regulatory shifts in China by 2025, with possible integration of crypto transactions into anti-money laundering regulations. While this could signal a more pragmatic approach, authorities remain cautious due to concerns over financial risks and capital outflows.

China’s significant role in Bitcoin mining reflects the complex