In sept 2024: Zhu Guangyao, the former finance minister of China, gave a speech at Tsinghua University. He’s calling for China to dive deeper into crypto and make it a major player in the digital economy. Source: https://99bitcoins.com/news/the-state-of-chinas-bitcoin-mining-industry-in-2024/

In november 2024: Shanghai judge just ruled that cryptocurrencies are legal to own in China: https://cryptopotato.com/did-a-shanghai-court-just-legalize-bitcoin-in-china/

In november 2024: -China’s mining restrictions enforced in 2021 continue to influence the industry, with over 65% of operations relocating to regions with cheaper, sustainable power sources like Kazakhstan and Iceland. -The United States accounted for 42% of Bitcoin’s global hash rate in 2024, solidifying its position as the leading mining hub following China’s industry restrictions. -Geopolitical tensions in major mining hubs, like China and Russia, have shifted activity towards more stable regions such as North America and Europe, creating a decentralized global mining network. https://coinlaw.io/cryptocurrency-mining-statistics/