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Former Chinese official sacked for supporting mining of Cryptocurrencies

November 17, 2021
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
- 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...
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Tags: advertising | ban | bank | bitcoin | blockchain | boycott | chairman | China | Chinese | climate change | commission | communism | communist | community | corporate social responsibility | crypto | currency | electric vehicle | finance | fintech | Jiangxi | Kazakhstan | Russia | Tesla | United States

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