China continues to corner cryptocurrency miners. Here is China’s latest move. The province of Hainan in southern China has taken steps to curb cryptocurrency mining activities. In addition to blacklisting the cryptocurrency industry, local authorities are also introducing higher electricity tariffs for mining businesses that continue to operate in the area. Hainan Brings High Tariffs for Crypto Miners Continued pressure on cryptocurrency mining in China has reached Hainan, the country’s smallest and southernmost province. So much so that cryptocurrency mining in the country was recently listed as a “defunct industry”. However, miners continuing their activities in the region will soon...