Filecoin Crypto Miner RRMine Global Moving to Singapore
On Tuesday, 13th September 2022, Filecoin (FIL) service provider firm RRMine Global announced to shut off its operations in China. The company said its plans to shift to Singapore. The step of the Filecoin crypto miner came after the crackdown on crypto and crypto-related operations in Mainland China. It is noteworthy that China entirely banned crypto and its operations, from trading to mining.
According to RRMine’s statement, the need to take this move emerged following the strict restrictions in China over crypto. This action proved that China might be going to follow a whole different strategy for Web3 development. However, in several instances, authorities in China indicated their aspiration to make the country a prominent player in Web3 development around the world, regardless of their dislike for crypto. According to a newspaper report, in December 2021, there was an instance when police in Chengdu,.
Source
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