November 29, 2022

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Major China hub for Bitcoin mining issues harshest crackdown measures yet (draft at this stage)

1 min read

Via state media mouthpiece Global Times in China:

  • North China’s Inner Mongolia Autonomous Region issued what appears to be the harshest crackdown measures yet on mining activities
  • possible revocation of licenses for telecom and internet companies that engage in cryptocurrency mining activities
  • Big data centers and cloud computing firms could also face cancellation of policy support by the government if they engage in cryptocurrency mining activities
  • draft measures at this stageĀ 

BTC price is relatively (for it) stable:

Via state media mouthpiece Global Times in China:

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