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China cracking down on crypto mines disguised as data centers

September 17, 2021
Source: newschant.com newschant.com
News Snapshot:
China is ramping up its hunt for unlawful cryptocurrency miners, who’re making an attempt to disguise their operations as analysis establishments and data centers, based on a brand new report. Authorities in a number of provinces have carried out extra intense inspections of schools, analysis labs, data centers and different potential websites that may very well be hiding crypto mines, [Bloomberg reported](//www.bloomberg.com/news/articles/2021-09-16/china-said-to-intensify-hunt-for-cryptocurrency-miners-in-hiding?srnd=technology-vp) Wednesday. China’s authorities has framed its ongoing crackdown on crypto as an effort to scale back the nation’s carbon emissions. The current escalation is partially resulting from authorities’ considerations about energy provides forward of chilly winter climate, based...
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China Tech Buzz Topics: bitcoin | blockchain | Bloomberg | brand | Canada | China | Chinese | Computing | crackdown | crypto | cryptocurrency | currency | data | development | Economy | energy | fintech | fraud | hebei | illegal | Kazakhstan | legal | national security | technology | Texas

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