The Chinese bitcoin mining pool ViaBTC is beginning the procedure of closing its cloud mining contracts.
The ViaBTC mining pool posted information on its website about the cessation of cloud mining activities and asked its users to complete transactions as quickly as possible. The company assured its customers that the closure of contracts will not affect payments, which will be distributed to wallets at 00:00 the next day.
The developers explain their decision to close mining contracts from January 10 with the desire to protect the interests of investors from possible speculation.
Since November 2016, ViaBTC has been working fruitfully in the field of cloud mining, which allowed users to enter into contracts for the use of ViaBTC hashing power. But, today, the company’s management is considering an exchange format; we previously reported on the development of a new cryptocurrency exchange from ViaBTC.
Whether there is a connection between the change in the activities of ViaBTC, from the mining pool towards the cryptocurrency exchange, and the current activities of Chinese regulators is not known.
According to www.coindesk.com
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