Is a China based bitcoin operation a national security risk?

U .S. Pentagon officials are keeping close tabs on a Wyoming -based Bitcoin (CRYPTO: BTC) operation owned by Chinese interests amid fears of potential national security risks.

Is bitcoin a threat to US National Security?

Increasingly, Bitcoin is considered a threat to U.S. national security. The reasons for this include Chinese dominance of Bitcoin mining, financial instability that could result when the bubble bursts, and damage to the U.S. dollar’s role as the principal reserve currency if billions of users around the world simply abandon dollars for Bitcoin.

Why is a bitcoin mine near a military base a concern?

The Bitcoin mine, located opposite a Microsoft Corporation data center and near a military base, sparked concerns due to the owners’ connections with China, according to a report by The New York Times. The proximity of the operation to key infrastructure has raised fears...