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Japan's SBI Crypto has shut down what was ranked the 12th largest Bitcoin mining pool in the world, removing a significant block of institutional hash rate from the global Bitcoin network in a single move.
The closure arrives alongside a cluster of regulatory developments across the region: Taiwan has passed crypto legislation, Dubai has claimed the top spot among Asian crypto hubs, and Russia is pressing ahead with its digital ruble launch despite European Union sanctions.
SBI Crypto's Mining Exit The shutdown of SBI Crypto's pool is a notable event on any read of the Bitcoin mining map.
Controlling the 12th largest pool globally is not a marginal position — it represents concentrated institutional hash rate tied to a single Japanese financial operator.
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