– Xiao Yi, former vice chairman of the Jiangxi provincial committee recently supported the mining of cryptocurrencies – Consequently, the anti-corruption watchdog in China sacked the official allegedly over his actions. The community of cryptocurrencies face intense scrutiny in regards to their mining & the way it affects the environment. In the earlier part of May, Tesla too decided to stop using bitcoin as a means of payment after witnessing a surge in the mining of the tokens using fossil fuels. China too issued a blanket ban on the mining of cryptocurrencies as it aims to be carbon neutral. Recently…