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China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures – Mining Editorials 24

November 18, 2021
Source: editorials24.com editorials24.com
News Snapshot:
Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly indicated it intends to go after large-scale cryptocurrency mining taking place at government-operated industrial facilities. State Firms Mining Crypto in China to Face Higher Electricity Bills China’s National Development and Reform Commission ( NDRC ) announced Tuesday it plans to concentrate on the “comprehensive rectification” of state-run industrial enterprises involved in the extraction of digital currencies. The initiative is part of an ongoing crackdown on crypto-related operations that are banned in the People’s Republic. The...
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Tags: accounting | ARM | author | bank | Bank of China | Beijing | Biden | bitcoin | blockchain | BTC | CCTV | CGTN | China | Chinese | commission | content | crackdown | crypto | currency | Economy | finance | fintech | investment | Ministry of Commerce | State Council

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