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China s crackdown pushes cryptocurrency miner to flee for Singapore

Cryptocurrency mining company RRMine Global has relocated its headquarters to Singapore from China, where it ceased sales and marketing a year ago amid Beijing's forceful crackdown on cryptocurrency-related activities. The company, which provides Filecoin mining and storage services, said the decision stemmed from "tightened restrictions on cryptocurrency usage in the mainland", as well as "the fact that China's Web3 strategy.

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