Santo Mining Corp (SANP)

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China squeezing miners out .....

Reuters Article dated 1-3-18 ... Li saw this all coming - bodes well for us !!!! ....

In September China ordered all initial coin offerings to cease and all cryptocurrency trading exchanges to be shuttered with the aim of containing financial risks. Bitcoin miners have feared that they could be the next target.

BEIJING (Reuters) - China’s central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a source said.

At the meeting, the PBOC said development of bitcoin mining will be limited, according to the source, who declined to be named as he is not authorized to speak on the matter.