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President Joe Biden blocks Chinese-backed cryptocurrency minin | Coins▪︎Trading▪︎Crypto News

President Joe Biden blocks Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base

President Joe Biden issued an order blocking a China-majority-owned crypto mining company from having property close to an Air Force base in Wyoming, citing national security risks concerns. Biden further required the divestment of the property, which is one mile from the missile base Francis E. Warren Air Force Base, according to a statement released Monday from the U.S. Treasury Department.

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