How much Bitcoin does China own?
China and Bitcoin have a long history together. The first time the country mentioned Bitcoin was in 2013, when it was announced that China's Central bank, the PBOC, would regulate and monitor financial institutions' involvement in digital currency. Now, we know that China is actively trying to shut down miners who process Bitcoin transactions through their electrical grids. And with new regulations coming into effect next month, we're expecting to see a big shift in how Chinese people are engaging with cryptocurrencies — both from individuals to central banks. But how much Bitcoin is there in China? Well, the short answer is: it's a lot. At the time of writing (March 1, 2018), the total amount of Bitcoins mined globally was 87.9M BTC with 11.7M BTC available on exchanges and 67.2 BTC "lost" (meaning they were never recovered). The number of Chinese people mining Bitcoin is still unknown but China's Bitcoin mining pools accounts for 11% of all Bitcoins m