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International Business Times
International Business Times
Business
Marvie Basilan

Biden Blocks China-Backed Crypto Mining Firm From Owning Land Near Air Force Base

US President Joe Biden -- pictured on the South Lawn of the White House on May 8, 2024. (Credit: AFP)

KEY POINTS

  • MineOne allegedly did not report its acquisition transaction of the property in June 2022
  • The Treasury Department said the Chinese crypto firm posed national security risks
  • Biden said in the order that there is 'credible evidence' MineOne can conduct surveillance activities

U.S. President Joe Biden has just barred a Chinese cryptocurrency mining company from owning property near the Francis E. Warren Air Force Base in Wyoming, citing national security risk concerns.

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