Hebei is the latest China province to wield the crypto crackdown hammer
Authorities in the province say crypto mining is inimical to China's environmental conservation efforts. Hebei, a province in Northern China, is the latest jurisdiction in the country to read the riot act to crypto miners and traders.According to Reuters on Tuesday, the province's cyberspace commission has announced plans to curtail cryptocurrency mining and trading activities in the region.The move is in tandem with a broader anti-crypto policy in China that has seen most of the country's cryptocurrency mining establishment forced to relocate overseas.In a statement by the commission....
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Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s cyberspace administration, a number of government agencies are working together to prevent the use of the region’s computing power in the crypto activities which the government considers illegal. Cyberspace Watchdog Targets Crypto Mining and Trading Operations in Hebei Hebei province in Northern China has become the latest Chinese region to undertake measures to clamp down on cryptocurrency mining and....
China’s Anhui province has announced that Bitcoin mining in the area will be shutdown, as the country’s crackdowns on crypto miners continue. China’s Anhui Province Plans To Crackdown On Crypto Miners As per a Bloomberg report, China’s series of crackdowns on Bitcoin mining continue as another province, Anhui, joins in. Located in Eastern China, Anhui […]
The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners Pay More for Power The ongoing crackdown on cryptocurrency mining in China has reached the country’s smallest and southernmost province, Hainan. The coin minting business has been recently listed as an “eliminated industry” and the remaining miners in the region will soon face....
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage over China.” US Lawmakers Comment on China’s Cryptocurrency Crackdown Following the latest news of China’s crackdown on cryptocurrency, several U.S. lawmakers have shared their views on the situation. Senator Pat Toomey from Pennsylvania said: China’s authoritarian crackdown on crypto, including....
The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations. The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province.Authorities at Anhui, a small province in eastern China, have announced a set of measures to tackle growing electricity demand and an associated power supply shortage in the next three years, local news agency Hefei Online reported on Wednesday.As part of Anhui’s efforts to curb energy consumption, the province plans to shut down crypto....