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China cracking down on crypto mines disguised as research, data centers: report

September 17, 2021
Source: africapulse.com africapulse.com
News Snapshot:
[China cracking down on crypto mines disguised as research, data centers: report] China is ramping up its hunt for illegal cryptocurrency miners, who are trying to disguise their operations as research institutions and data centers, according to a new report. Authorities in several provinces have conducted more intense inspections of colleges, research labs, data centers and other potential sites that could be hiding crypto mines, Bloomberg reported Wednesday. China’s government has framed its ongoing crackdown on crypto as an effort to reduce the country’s carbon emissions. The recent escalation is in part due to authorities’ concerns about power supplies ahead...
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Tags: ASIA | bitcoin | blockchain | Bloomberg | Canada | China | Chinese | Computing | crackdown | crypto | cryptocurrency | currency | data | development | Economy | energy | fintech | fraud | government | hebei | Kazakhstan | media intelligence | national security | Texas | weather

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