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China is reportedly tracking illegal cryptocurrency miners

September 17, 2021
Source: fuentitech.com fuentitech.com
News Snapshot:
[Technology] China is reportedly tracking illegal cryptocurrency miners Bloomberg today [report](//www.bloomberg.com/news/articles/2021-09-16/china-said-to-intensify-hunt-for-cryptocurrency-miners-in-hiding) Fear of an impending power shortage has led the Chinese government to hunt down crypto miners who oppose the ban on that practice. The report claims that government inspections “targeting illegal mining activities in universities, research institutes, and data centers” have become more and more frequent in multiple states over the past few months, an anonymous source. Was quoted. Chinese [Decision to ban](//www.tomshardware.com/uk/news/bitcoin-prices-fall-china-mine-closures) Cryptocurrency mining spreading from [State to state](//www.tomshardware.com/uk/news/china-crypto-crackdown-expands-three-more-provinces) Throughout the summer. The government has also restricted financial institutions from processing crypto-related transactions for fear of social impact....
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