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Re:A second Bitcoin exchange collapses in Turkey amid crackd... by KingMachiavelli on Monday April 26, 2021 @12:31PM (#26944497)
A lot of these places have subsidized energy which is what makes them attractive for crypto mining in the first place. The majority of the crypto revenue is not going to be spent in their local economy so its a net negative activity.

The other factor is crypto is a very easy way to launder and move money outside of the government's view so pretty much any government hates it from that perspective.

Re:A second Bitcoin exchange collapses in Turkey amid crackd... by nprz on Monday April 26, 2021 @12:46PM (#26944696)
> crypto is a very easy way to launder and move money outside of the government's view

I so often here the complete opposite, that the blockchain is all public and provides no anonymity at all. No one can make up their mind on why they hate crypto.