China Central TV (CCTV) has reported on US President-elect Donald Trump's plans to adopt Bitcoin as a strategic reserve, causing Bitcoin's price to surge. Trump's promise to make the US the world's Bitcoin and cryptocurrency capital and create a US Bitcoin stockpile has sparked speculation that China may announce a similar plan. However, China has a history of stringent rules around Bitcoin, including banning crypto mining and trading in the country. Despite the ban, China still controls 55% of the global mining pool. China is now reportedly considering relieving its ban on the sector next year.



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