After the different prohibitions and problems that have arisen in China around cryptocurrencies, foreign investors have been forced to migrate to other parts of the world, and one destination is Texas.

The US region is now becoming the world capital of digital assets, due to the arrival of a significant number of customers from Beijing.

Among them is Kevin Pan, chief executive of the mining company Poolin, who just a day after they took the restrictions against cryptocurrencies took a direct flight to the United States.

In what some are calling “the great mining migration”, Poolin executives are among the many bitcoin miners who have recently landed in a reputed place like America’s Wild West, specifically Austin.

Texas Governor Greg Abbott has been a supporter of cryptocurrency. “It’s happening! Texas will be the leader in cryptocurrencies,” he posted on Twitter in June.

In the same month, Texas became the second US state after Wyoming to recognize blockchain and cryptocurrencies in its trade law, paving the way for businesses to operate in the state.

K. Tovar

Source: El Nacional

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