Bit Mining Subsidiary To Leave China After Local Regulations Crack Down Practice
BIT Mining said it was exiting the mainland China market and ceasing its registration of new users from mainland China to comply with local regulations. The company said it expects to begin retiring accounts of users in mainland China on Friday. “BTC.com’s discontinuation of service to users in mainland China may adversely impact the consolidated financial statements of the company,” the company said. “However, the company believes that its growth in global markets will help offset the loss of business in mainland China....