US Bans China Crypto Miner From Land Near Missile Base Over "Espionage" Concerns, Slaps New Tariffs

The United States has blocked a Chinese-backed crypto mining firm from owning land near a strategic nuclear missile base in Wyoming. On May 13, the Biden administration said that the mining firm’s proximity to the base could pose a “national security risk”. The order forces the divestment of property operated as a crypto mining facility near the Francis E. Warren Air Force Base. The Francis E. Warren Air Force Base houses the Minuteman III intercontinental ballistic missiles. MineOne Partners Ltd, a firm partly backed by Chinese nationals, and its affiliates are also required to remove certain equipment on the site. Watch the video to know more.