🚫 Breaking News Alert! 🚫

China declares crypto mining in Angola a crime, sending shockwaves through the global crypto community! 🌍⛏️ The Chinese Embassy issues a stern warning to Bitcoin miners in Angola, urging them to halt operations immediately. 🚷 New legislation, dubbed the "Law on the Prohibition of Cryptocurrency and Other Virtual Asset Mining," has made crypto mining in Angola illegal, with penalties ranging from incarceration to hefty fines. ⛓️💰

Angola, Africa's seventh-largest country and a major oil producer, has seen a surge in Bitcoin mining activities since Chinese miners relocated there following China's own crypto ban in 2021. 📈 However, with the implementation of this new law, the future of crypto mining in Angola hangs in the balance. 🤔💻

Bitcoin enthusiasts are reeling from the news, especially since Angola emerged as the eighth-largest center for Bitcoin mining operations in late 2023. ⛏️💔 The ban on mining not only spells trouble for the crypto community but also raises concerns about energy consumption and electricity supply in the country. 💡💥

As China continues its crackdown on all things crypto, the global landscape of digital currencies faces unprecedented challenges. 🇨🇳💼 Stay tuned for further developments as the crypto saga unfolds! 🚀🔒 #CryptoBan #BitcoinMining #ChinaCrackdown 🚷⚡