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China’s crypto crackdown expands as a northern province announces new restrictions on mining and trading in cooperation with Beijing

September 15, 2021
Source: businessinsider.nl businessinsider.nl
News Snapshot:
- China's crackdown on cryptocurrency mining has expanded into the northern province of Hebei, Reuters reported Tuesday. - The area's cyberspace commission said crypto mining consumes an enormous amount of energy. - China is targeting bitcoin mining operations as it works to reduce carbon emissions. - [See more stories on Insider's business page] . China's efforts to restrict cryptocurrency mining and trading have stretched to the northern province of Hebei, where a regulator said it will be a part of broader clampdown, Reuters reported Tuesday. "Cryptocurrency mining consumes an enormous amount of energy, which is against China's 'carbon neutral' goal,"...
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China Tech Buzz Topics: Anhui | Beijing | bitcoin | blockchain | Business | China | climate change | commission | corporate social responsibility | crackdown | crypto | cryptocurrency | currency | Economy | energy | finance | financial | fintech | Gansu | government | hebei | hotline | Inner Mongolia | Mongolia | sichuan

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