News Snapshot:
Bitcoin Bitcoin in China. Image: Shutterstock Following news of a coming crackdown on Bitcoin mining in China , the provincial government of Inner Mongolia has now proposed that those who violate new ordinances be “blacklisted” from the country’s social credit system, according to local reports . This means that illegal Bitcoin miners within the province, if caught, would face limited access to financial products, blocks to foreign travel, and more, according to sources. The report indicates that the punishment would be applied not only to individuals, but also cloud service providers, internet companies, and even internet cafes that attempt to...
