IBC Group, a private investment company specializing in blockchain technology.
History
2021: Closure of all Bitcoin and Ethereum production facilities in China
On July 5, 2021, IBC Group announced the closure of all its Bitcoin and Ethereum mining enterprises in China, amid recent repression of cryptocurrency mining companies in the region.
"We close all our enterprises and transfer our employees to several new places around the world, including the UAE, Canada, the USA, Kazakhstan, Iceland and various countries of South America," said Khurram Shroff, chairman of IBC Group.
In a press release, Khurram said that the suppression of cryptocurrencies in China represents "huge opportunities" for Canada. In particular, the Toronto Stock Exchange received recognition for listing the world's first Bitcoin-ETF. This puts Canada "ahead of everyone" in terms of "introducing cryptocurrencies."
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