Beijing – The Chinese government is serious about tackling cryptocurrencies like Bitcoin in its own country. Even the recent actions of the Bamboo Curtain Country had suppressed the previously soaring price of Bitcoin. As quoted detikINET According to CNN, Chinese authorities have intensified raids on crypto mining, calling it a very destructive practice and a threat to the country’s efforts to reduce carbon emissions. Cryptocurrency mining takes a lot of energy. The spokesperson for the National Development and Reform Commission (NDRC), Meng Wei, at a press conference said Bitcoin mining consumes a lot of energy and produces high carbon emissions....