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RRMine Global, the largest Chinese service provider in the Filecoin network, announced the transfer of business to Singapore.
World’s Leading Filecoin Service Provider, RR Mine, Relocates to Singapore by RRMine Global
Please see the media release.#IPFS #Filecoin #cryptocurrency #CryptoNews https://t.co/gqkUoavaHx
— RRMine (@Mine2Rr) September 13, 2022
“The decision to withdraw completely from mainland China was made in light of the tightening restrictions on the use of cryptocurrency and is justified by the fact that the Chinese Web3 strategy is moving in a different direction,” the company said.
The head of the firm, Steve Tsou, noted that the decision was the result of numerous discussions and “it was not easy.”
According to journalist Colin Wu, the founder of the company and several employees were previously under investigation by Chinese law enforcement officers.
RRMine, China’s largest Filecoin and mining cloud computing power company, announced that it will withdraw from China and set up its headquarters in Singapore. Previously, its founder and several employees were investigated by the Chinese police. https://t.co/N5EUTSczjS
— Wu Blockchain (@WuBlockchain) September 13, 2022
As a start of work in the new jurisdiction, RRMine will present the R-Datacap Storage service. According to the statement, the service is designed to “significantly reduce user operating costs, increase profitability and stimulate the Filecoin incentive plan.”
Recall that in November 2021, chinese police arrested 31 employees of the company associated with the mining of Filecoin IPFS Union. The firm confiscated crypto assets worth about $ 62.5 million.
#Filecoinproject #RRMine #move #China #Singapore