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

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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