The relationship between China and the United States has remained volatile in the past years, especially on the issues of technology, trade, and security.
United States President Joe Biden has directed the Secretary of Treasury to inform a British Virgin Island-incorporated company MineOne Partners Limited to sell and evacuate from its premises in the next four months. According to the presidential order on May 14, MineOne, a Chinese-owned company poses a direct threat to national security by operating its crypto mining business within 1 mile of the Air Force Base.
Moreover, the presidential order noted that the Chinese investors did not initially involve the Committee on Foreign Investment in the United States (CFIUS) until a public tip triggered the investigations.
As a result, the Chinese investors operating the more than 12-acre land are expected to sell the property to a US citizen and remove any physical structure within 120 days from yesterday. P