The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

China Warns State-Owned Companies about Dealing with Crypto Mining

News Snapshot:

The Chinese government is again making the headlines in the cryptocurrency sphere as it warned state-owned companies not to deal with crypto mining. According to BNN Bloomberg, the authorities threatened to impose punitive measures if the firms were involved in the Bitcoin (BTC) mining business. The plan is part of the National Development and Reform Commission, the media outlet noted. A meeting was held last week and aimed to strengthen its latest crackdown announcement on banning crypto-related activities in the Asian giant. However, Meng Wei, a spokeswoman for the nation’s chief economic planner, clarified that the measure is also extended…

Other China Tech Buzz: