News Snapshot:
The Sichuan Energy Regulatory Office said Thursday it will meet June 2 to discuss crypto mining activities amid China’s nationwide crackdown. The energy regulator of the south-western province is required to meet by the country’s National Energy Administration, according to Global Times, a newspaper under the Chinese Communist Party’s flagship publication, People’s Daily. Despite a national crackdown on bitcoin mining, some mines in Sichuan are operating as usual, Global Times said, citing unidentified industry insiders. Sichuan has been a popular region for bitcoin mining due to its cheap electricity from hydropower during the rainy season. Chinese regulators recently stressed that...
