News Snapshot:
China Region Declares War on Crypto Mining, Stirring Wider Fear China Region Declares War on Crypto Mining, Stirring Wider Fear Money by BLOOMBERG China’s Inner Mongolia has banned cryptocurrency mining and declared it will shut all such projects by April, spurring fears the world’s No. 2 economy will take more steps to eradicate the power-hungry practice. The autonomous region, a favorite among the industry because of its cheap power, also banned new digital coin projects, according to a draft plan posted on the Inner Mongolia Development and Reform Commission’s website Feb. 25. The aim is to constrain growth in energy...
