RATE Group | Here’s how the U.S.-China trade battle is disrupting cryptocurrency miners
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Here’s how the U.S.-China trade battle is disrupting cryptocurrency miners

19 Oct Here’s how the U.S.-China trade battle is disrupting cryptocurrency miners

Posted at 02:30h in Cryptocurrency News by

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The trade spat between the U.S. and China has spilled over into cryptocurrences and could have lasting effects, according to the founder of a prominent digital currency fund.

Until now, the technology that is synonymous with its antigovernment, libertarian-leaning community has dodged any financial implications from the standoff between President Donald Trump and Chinese leader Xi Jinping, but a small alteration to how mining equipment is classified has changed this.

The amendment came in June when the United States Trade Representative reclassified mining equipment as “electrical machinery apparatus.”

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