Beijing’s Distaste for Bitcoin Mining Spreads to Inner Mongolia, Miners Could...

Beijing’s Distaste for Bitcoin Mining Spreads to Inner Mongolia, Miners Could...

Beijing’s recent crackdown on the cryptocurrency industry has found its way into Inner Mongolia according to a recent report. Inner Mongolian officials plan to introduce harsh penalties to bitcoin mining operations using the region’s grid without permission from authorities. New Rules Aim to ‘Punish Bitcoin Miners’ A regional report published by South China Morning Post’s contributor Coco Feng explains that Inner Mongolia’s top economic planner has revealed new rules against operating bitcoin mining facilities in the region. The new draft rules are....


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China’s Inner Mongolia to shut down crypto mining farms by April 2021

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China’s Inner Mongolia Plans to Shut Down Bitcoin Mining Operations by April ...

Inner Mongolia, an autonomous region in northern China, is planning to shut down all cryptocurrency mining activities in the area by April 2021, as part of efforts to improve energy efficiency. Regulating the Electrical Consumption in Inner Mongolia The government of Inner Mongolia will also stop approving new projects in energy-intensive industries such as steel and coke production, Reuters reported on Mar. 1, citing a draft policy to regulate energy consumption in the region. Chinese journalist “Wu Blockchain” tweeted that the decision might be due to China’s need to....

China to socially blacklist Bitcoin miners in Inner Mongolia region

China’s crackdown on crypto mining could see offenders blacklisted from basic social and financial services if caught. China has ramped up efforts to quash cryptocurrency mining in its Inner Mongolia region by introducing new penalties for those caught engaging in the illegal activity. Officials unveiled new draft rules that would see harsher punishments applied to those caught mining Bitcoin (BTC) and other cryptocurrencies, per a report by the South China Morning Post. These would include placing offenders on a social credit blacklist, which would stop them from getting loans or even....

Inner Mongolia sets up hotline to report suspected crypto miners

Authorities in Inner Mongolia are cracking down further on crypto mining operations that may be jeopardizing the region's bid to reduce carbon emissions. A new announcement from the  Inner Mongolia Autonomous Region Development and Reform Commission, or DRC, has informed the public that they now have a direct way to report on any outlying cryptocurrency operations in the region.As previously reported, Inner Mongolia was once home to a vast network of crypto mining operators, who collectively accounted for 7.71% of the global Bitcoin (BTC) hash rate between Sept. 2019 and April 2020.As part....

Inner Mongolia Establishes Hotline To Report Illegal Bitcoin Mining Operations

Inner Mongolia, which recently banned bitcoin mining, has established a hotline for reporting illegal operations.