The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

On the morning of October 10, Bitmain, the world's largest mining equipment manufacturer, issued an announcement titled "I support the dual carbon indicators, and if you want to reduce energy efficiency, rely on chips", stating that it will completely stop shipping to mainland China (excluding Hong Kong) starting from the next day. goods, confirming the previous suspension rumors for the first time.

As 120BtC.com previously reported, after the People's Bank of China issued the strictest regulatory statement in history, it triggered a mass exodus in China's encryption industry. It even announced that it would stop Chinese user registration and orderly clear out Chinese users by the end of the year.

After the National Development and Reform Commission and other departments further listed mining as a phased-out industry, Bitmain, the leading indicator of mining machines, was exposed to the news that it was planning to suspend the sale of mining machines to Chinese miners. However, at that time, Bitmain officials stated that they had not yet received the this message.

The news has come true, all shipments will be stopped from now on

Bitmain pointed out in its announcement yesterday morning that strict compliance with the laws and regulations of the location of the company's entities is Bitmain's operating principle, and officially announced: Starting from October 11, 2021, Antminer will stop shipping to mainland China. goods. For customers in mainland China who purchase forward products, our staff will contact them and provide alternatives.

Bitmain also emphasized that this shipping policy adjustment will not affect customers in overseas markets. Bitmain is making every effort to accelerate the construction of overseas mines and has also increased the supply of ANTBOX to meet customer needs.

The effects of China’s suppression continue to ferment

Since China launched the 924 regulatory incident, the encryption industry has retreated across the board, and many traders and mining pools have announced the termination of services to Chinese users.

There are also exchanges like KuCoin that have previously removed Chinese users, and suddenly found a group of fish that slipped through the net and launched the removal 2.0. This shows that China’s crackdown is so strong that the industry can no longer bear it.

Former Bitmain co-founder Wu Jihan previously appeared on "The Business"
Show" live broadcast time said that supervision is an inevitable trend, and it is not surprising that the Chinese government finally took a stance after giving it 10 years of development space.

Wu Jihan even predicted that in a short period of time, China's retail investors will disappear, and only those high-income Chinese families will have the energy to continue to stay in the currency circle.